Sudhir Demands For Independent Audit, Accountability Of Crane Bank Sale

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The former owners of defunct Crane Bank Limited (CBL) have demanded for an independent audit their bank and Bank of Uganda to account for Shs478 billion spent as liquidity support before controversially selling it at Shs200 billion to its rival Dfcu Bank on January 25, 2017. They said BoU has failed to present documented evidence on where the money came from, how it was used and on which account it was deposited. According to BoU, the said money was used as liquidity support to CBL as well as other costs…

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