Crane Bank managers run away with $19,000,000

 

If everyone remembers the GTV saga how the people of Uganda and business entities lost their money in a minute of international wiring without BANK of Uganda notice and Uganda Communications Commission; think twice with crane Bank Managing Director, Kalan 18 million dollars presumed to be in his personal custody.

The Crane bank MD Kalani; his deputy and the Credit Manager of Crane Bank are all on the run from the country with their families due to some financial scandals in Kampala.

Business tycoon Sudhir Rupereria rushed to capture one of Kalani´s buildings on Kampala road to recover his money only to find out that it was already sold off and it was in another person´s names.

All this happened last week. Meanwhile, Sudhir did whatever it takes to ensure that this story doesn’t leak to the media because it would affect his bank. Kalani and company are rumoured to have escaped to Lebanon because it has no extradition treaty with Uganda. Money stolen is in excess of $19,000,000.

Even if it’s true; Crane Bank management can not come out openly to confirm this story.  The bank is keeping on attributing it to be baseless romour in order to roundoff to the neariest figure before the bank customers wakes up to demand explainations.

Ends

 

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