Exposed: Was Bagyenda in cahoots with dfcu Bank officials and lawyers to illegally transfer Shs570 billions of Crane Bank’s bad loan book?

LEFT-RIGHT: Former BoU Deputy Governor, Dr. Louis Kasekende, former Executive Director, Supervision, Mrs Justine Bagyenda and Governor, Prof Emmanuel Mutebile. Kasekende and Bagyenda were variously accused of negligence in the variously gone-wrong bank closures.
When the MPs probe into BoU heats up, MPs will want to unravel Bagyenda’s role in the mismanagement of the seizure and sale of defunct banks and if ehe enriched herself from it

A letter, said to have been authored by disgraced former Bank of Uganda, Executive Director, lifting key anti money laundering reporting requirements for dfcu Bank in regard to a Shs570 billion bad-loan book, which same loan book was ‘secretly’ transferred to dfcu by BoU, has surfaced; lending more credibility to claims by Crane Bank shareholders, that the seizure and rushed sale of their bank was “a well calculated heist by certain rogue officials at BoU and dfcu Bank, aided by conflicted lawyers

Muhereza Kyamutetera

Muhereza Kyamutetera

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to #TakeYourPlaceInTheAfricanSun

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