{UAH} Fwd: Fw: [gandatalk] CIA investigating Museveni Role in Crane Bank

---------- Forwarded message ----------

Date: Wed, Oct 28, 2015 at 3:04 PM
Subject: Fw: [gandatalk] CIA investigating Museveni Role in Crane Bank
To: frank.mujabi21@gmail.com

> Subject: [gandatalk] CIA investigating Museveni Role in Crane Bank
>
> > *** GandaTalk - For A More Balanced Ganda View ***
>>
> The
> Central Intelligence Agency (CIA) and World Bank are
> investigating Crane Bank Uganda activities which are
> connected to illegal transactions ranging from money
> laundering to fraud as well as role of Uganda's dictator
> Yoweri Kaguta Museveni in the bank. Available information
> gathered so far indicate that the bank is wholly owned by
> Uganda's president Museveni with Sudhir Ruparelia as his
> conduit.
>
> This bank
> has been involved in money scams, illegal acquisition of
> properties of indigenous people as well as state owned
> properties.
>
> Uganda,s
> President Yoweri Kaguta Museveni and his Son who is
> commander of Presidential Guard and Heir apparent to the his
> fathers Throne (According to Gen David Sejjusa Uganda's
> Former Coordinator of Intelligence Services who fell out
> with the regime)
>
> The bank
> is a large financial services provider in Uganda. It is
> involved in all aspects of commercial banking with a focus
> on providing banking services to foreign embassies and
> non-governmental organizations and their staffs.
>
> This bank
> is also involved in illegal transfer of money from Uganda to
> offshore banks in middle east and Europe as well as working
> as a link to acquire properties for inner ring of president
> museveni.
>
> The US
> Authorities doubt the expansion of the bank compared to
> other banks in Uganda which even offer far better services
> than crane bank and even more so other banks have bigger
> clientele base compared to crane bank but such banks are not
> expanding at the rate at which crane bank in expanding.
>
> At the
> end of 2014, Crane Bank was the third largest commercial
> bank in Uganda, with assets of approximately USh:1.720
> trillion Uganda shillings and shareholders' equity of
> approximately USh:316 billion. In 2013, Crane Bank was the
> largest indigenous Ugandan commercial bank.
> In
> October 2013, its customer base was estimated at more than
> 600,000 persons.
> Information
> gathered indicate that
> Crane
> Bank started operations on 21 August 1995 "with a
> vision of being the largest privately owned Ugandan Bank and
> in September 2012, Crane Bank acquired the assets and some
> of the liabilities of the National Bank of Commerce a small,
> indigenous, financial services provider in Uganda that had
> lost its banking license.
>
> On 30
> January 2014, Crane Bank established Crane Bank Rwanda
> Limited, a wholly owned subsidiary with the first branch in
> Rwanda opening to customers on 30 June 2014. The bank had
> some of its international money laundering cartel based in
> London and the principle and focal person was the late money
> magnate Khalid Sheikh who was the sole owner of Clifton
> Packaging Corporation based in London and it was the 5
> largest packaging plant in United Kingdom. Khalid Sheikh was
> the chief funder of Sudhir Ruparelia in early years when
> sudhir was living in UK. Khalid Sheikh also met with
> president museveni and agreed on the idea of setting up a
> bank to aide him in international money transactions and to
> help the dictator to easily transfer his money to Europe and
> also to easily acquire properties in any part of the world
> without detection of USA Authorities.
>
> Voice
> recordings obtained indicate that the bank with
> authorization by president museveni is soon opening branches
> in Congo and southern Sudan. Which kind of indigenous bank
> especially in Africa can grow and expand at this rate. Even
> highly managed banks in Kenya, South Africa, Cairo and
> Nigeria are not expanding at a rate at which crane bank is
> expanding, a top CIA Official wondered.
>
> It's
> also causes a lot of suspicion that the exact percentage
> share ownership of Crane Bank is not publicly known yet
> shareholdings of all banks in Uganda are known by the
> public. Shareholding of crane bank remain a secret up to
> date but information indicate that the bank is a member of
> the Ruparelia Group , which includes financial institutions,
> insurance companies, real estate investments, horticultural
> enterprises, hotels, and resorts.
>
> As of 31
> December 2014, Sudhir Ruparelia controlled the bank by
> controlling 48.67 percent of the voting rights in the bank
> because of the shares that he and his close family members
> held but our agent in the bank has it that even the 48.67%
> believed to be controlled by Sudhir are not owned by sudhir
> himself but by the members of Museveni family.
>
> With the
> rate at which the bank is expanding, this crane bank would
> have listed on the Uganda Securities Exchange five years
> back but until now the bank is not yet listed. Its owners
> are fully against the idea of listing the bank on securities
> exchange as it's involved in illegal business
> transactions.
>
> The bank
> management insists that they want to focus more on its
> expansion plans first
> This bank
> operate more than 40 branches in different parts of Uganda
> and own offices and buildings where it operate from.
>
> World
> leaders are concerned at the rate at which Uganda's
> economy is deteriorating with no hope of recovery but crane
> bank continue to operate normally with evidence available
> indicating that the bank is transferring lots of money to
> different countries in Europe.http://www.afroreports.com/index.php/23-business-news/225-cia-investigating-museveni-role-in-crane-bank.html

> ---
>
>
> l
>

--
Disclaimer:Everyone posting to this Forum bears the sole responsibility for any legal consequences of his or her postings, and hence statements and facts must be presented responsibly. Your continued membership signifies that you agree to this disclaimer and pledge to abide by our Rules and Guidelines.To unsubscribe from this group, send email to: ugandans-at-heart+unsubscribe@googlegroups.com