I was Coerced to Buy National Bank of Commerce – Sudhir

Comments 410 Views Kampala, Uganda
Sudhir Ruparelia, the former Vice Chairman of Crane Bank Board of Directors appearing before COSASE. Olive Nakatudde

Sudhir Ruparelia, the former Vice Chairman of Crane Bank Board of Directors appearing before COSASE. Login to license this image from 1$.

In short
Sudhir says that Crane Bank was never interested in acquiring the assets and liabilities of the National Bank of Commerce-NBC, but was coerced by former Central Bank Executive Director Supervision, Justine Bagyenda, through a phone call placed to former Crane Bank Managing Director A.R Kalan.

 

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