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{UAH} Bagyenda sold National Bank of Commerce to Crane Bank on phone

The committee also heard that Bagyenda made a phone call to the then Cranes Bank Managing Director A.R,Kalan informing him of the availability of the bank.

"Mr.chairman I did these negotiations by phone,"Bagyenda responded to queries from the committee members in regards the sale of National Bank of Commerce.

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Transactions to sell the National Bank of Commerce to Crane bank were done on phone, a parliamentary investigation into sell of commercial banks has heard. On Monday, the Com­mit­tee on Com­mis­sions, Statu­tory Au­thor­i­ties and State Enterprises probing the sale of seven banks between 198...

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