The director of the CIA is openly frustrated with the media propaganda that the Agency is Investigating the President of Uganda HE Yoweri Museveni and Businessman Sudhir Ruparelia with money laundering allegations.
This comes just ahead of the release of a document circulating on digital media platforms linking CIA to matters regarding Crane Bank Sale.
John Brennan, speaking to an intelligence panel at a conference, has pledged to win back public trust because “having [it] makes all of our jobs much easier and better.” But he also said that he disagrees with “the narratives floating around the media” regarding the covert investigations on a local Commercial Bank.
Bank of Uganda Reacts.
It has been brought to our attention that messages have been circulating on WhatsApp instructing depositors to withdraw their money from Crane Bank within the next week. We wish to categorically state that these messages were not issued by Bank of Uganda.
The shareholders of commercial banks have the option of selling shares to new investors as they deem appropriate.
However, any new investor in a commercial bank must satisfy the regulator that they are fit and proper.
The BoU does not comment on any negotiations to sell shares in a bank while these negotiations are ongoing.
BoU monitors closely all commercial banks in Uganda and any actions which it takes are motivated primarily by the objective of protecting the best interests of banks’ depositors.
Bank of Uganda has come out to assure Crane Bank customers about the safety of their money following news of the Bank seeking to sell shares to strategic private investors, an issue that has caused discomfort among the Bank’s customers.
Below is the press release from Crane Bank
Our attention has been drawn to rumours surrounding the absence of its Managing Director Mr.A. R. Kalan from office.
The rumours with a variety of flavours ranging from loss of USD 18 million, others Shs. 60 billion etc are baseless and unfounded.
They should be ignored. Mr. Kalan is on leave with the approval of the Board of Directors.
On granting an extended leave the Board appointed one of its Executive Directors Mr. R. K. Gupta, a seasoned Banker, as the acting Managing Director.
The Board is pleased to announce that in compliance with the requisite regulations governing Financial Institutions, Mr. R.K. Gupta is the Acting Managing Director until further notice.
We appreciate the ever growing support of the Bank`s clientele all over the country as the spread of the branch network continues.
Thank you
N. Biribonwa Chairman , Board of Directors
