City business man Sudhir Repaleria, has vowed to file a suit
against central bank calling for accountability for assents and aunt of money
that crane bank had before it was put under receivership.
Sudhir said earlier after the head of Commercial Court,
Justice David Wangutusi, had dismissed multi- million case failed against him. BOU/Crane
bank under receivership averred that the property mogul fleeced
Auditor general cannot account for Shs 290billion, somebody
just stolen in the name of crane bank, I don’t think there is something new,
everybody knows the Cosase came up with exposure, really I want to thank all
the layers who have participated, really did the tremendous job and they are
straight forward layers unlike conflicted layers like Lule who have connived
with these people and the rest is history am not going into details.
My layers have done a tremendous job, Bruce, I think this is
historical, nobody else in the past has been to take on central bank. They have
stolen several banks but they didn’t accounted to the stake holders.
This is unfortunate scenario that you take someday assents,
steal it, and profit it and you don’t account for it. This is ridiculous, how
and then sue me for USD100million the money they have stolen.
What is the next step
of action after this achievement?
We are now going to put a counter case. You know Cosase
found a lot of things, they didn’t account for the cash in the bank, they did
value our property, and the money was just stolen.
That is my ground
father, the old man of the clan (Andrew Mwenda) come, I think you know the
details of this case than anybody else.
Mwenda I as the old man of the Repaleria clan I fell am
extremely very happy, even the first year student of law would could have seen
this coming because what central Bank
did with Crane Bank is unacceptable. Public must never accept public institutions
to abuse power the way they did with crane bank.
They (Bank of Uganda) literally closed a health Bank, they
didn’t even sell its assets, but gave it free of charge to DFCU bank. Not only
that, they even lend DFCU Money on interest free to buy Crane bank. I have
never seen something like that.
Are you are that BOU gave DFCU Money to buy Crane Bank and
then paid interest on the money they gave DFCU.
Sudhir: They
(BoU) and lawyers connived and transferred bad book to Dfcu and they are the
same layers who went to DFCU and start collecting money from the bad book.
Andrew surprised that
BOU own shares in Dfcu bank
The story of crane bank is so interesting.