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    Of Daily Monitor’s 30th Well-Earned Birth Bazaar And the Tough Scribes That Have kept M7`s Sleep in Constant Check

    Of Daily Monitor’s 30th Well-Earned Birth Bazaar And the Tough Scribes That Have kept M7`s Sleep in Constant Check

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    Earliest Bird: Tanzania National Motor Cross makes Foreign Initial Headway to Uganda as Garuga Primes for FIM-Africa

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    Adventure Investigative: Unveiling Savani Resort, the Latest Addition to Hospitality at Deepest Lake Bunyonyi 

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    UNBS closes Sunshare factory over failure to comply with Standards

    UNBS closes Sunshare factory over failure to comply with Standards

    UG Pineapple at B&W

    It was Blankets and Pineapple Waragi as SA’s Distruction Boys entertain Kampala

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    To Connect the Unconnected with Innovations towards Inclusive Growth

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    Of Daily Monitor’s 30th Well-Earned Birth Bazaar And the Tough Scribes That Have kept M7`s Sleep in Constant Check

    Of Daily Monitor’s 30th Well-Earned Birth Bazaar And the Tough Scribes That Have kept M7`s Sleep in Constant Check

    Stephen Kissa the Pace-setter

    Stephen Kissa: Unveiling the Country’s Pace-maker who set Ace Cheptegei`s World Athletics` Gold and Bronze Medals

    NRMO Canada Symposium: Minister Ruth Nankabirwa to Represent President Museveni at the 1st Ever Do

    NRMO Canada Symposium: Minister Ruth Nankabirwa to Represent President Museveni at the 1st Ever Do

    UGDECIDES2021: Electoral Commission sets dates for nominating candidates of SIGs Representatives to Parliament

    Campaign Violence: The Commission advises Bobi to adhere to guidelines, prepares meeting Police bosses

    UGVotes2021: The Electoral Commission issues press statement on progress of the 2021 General Elections Roadmap

    UGVotes2021: The Electoral Commission issues press statement on progress of the 2021 General Elections Roadmap

    Electoral Commission kicks off verification of supporters for Presidential candidates’ nominations

    UGVotes2021: Electoral Commission carries on Parliamentary nominations set to end tomorrow.

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    • Startup
    Digital Technologies Could Help Uganda’s Economy Recover Faster

    Digital Technologies Could Help Uganda’s Economy Recover Faster

    Liquid Telecom to host first cloud event of its kind in Uganda

    Liquid Telecom to host first cloud event of its kind in Uganda

    TECNO Mobile Uganda Skills Graduates Through Its Graduate Trainee Program

    TECNO mobile Uganda skills graduates through its graduate trainee program

    UNBS closes Sunshare factory over failure to comply with Standards

    UNBS closes Sunshare factory over failure to comply with Standards

    Outgoing PRAU President Cynthia Mpanga (right) hands over the key to new PRAU President Sarah Kagingo as PRAU Patron Min. Frank Tumwebaze looks on

    Hon. Frank Tumwebaze graces PRAU Governing Council Handover Ceremony

    UG Pineapple at B&W

    It was Blankets and Pineapple Waragi as SA’s Distruction Boys entertain Kampala

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • Gaming
    • Movie
    • Music
    Earliest Bird: Tanzania National Motor Cross makes Foreign Initial Headway to Uganda as Garuga Primes for FIM-Africa

    Earliest Bird: Tanzania National Motor Cross makes Foreign Initial Headway to Uganda as Garuga Primes for FIM-Africa

    Adventure Investigative: Unveiling Savani Resort, the Latest Addition to Hospitality at Deepest Lake Bunyonyi 

    Adventure Investigative: Unveiling Savani Resort, the Latest Addition to Hospitality at Deepest Lake Bunyonyi

    Juliana Escapades: It Took Me a Full Year of Constant Gloveless Bedminton Games to Eventually Get Expectant with Taj

    Juliana Escapades: It Took Me a Full Year of Constant Gloveless Bedminton Games to Eventually Get Expectant with Taj

    Karma Served Well as Comedy Store Bows to Public Outcry, Scrap Torturous Weasel Manizo off Musicians` List 

    Karma Served Well as Comedy Store Bows to Public Outcry, Scrap Torturous Weasel Manizo off Musicians` List

    All Not Lost: The Obscenely Dressed and Vulgar Winnie Nwagi Needs Counseling on Decency, Public Conduct 

    All Not Lost: The Obscenely Dressed and Vulgar Winnie Nwagi Needs Counseling on Decency, Public Conduct

    Jumping Forward: Sharon O Set to Unleash New Record Label, Artistes Management and Company Imaging in Uganda

    Jumping Forward: Sharon O Set to Unleash New Record Label, Artistes Management and Company Imaging in Uganda

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Travel
    Adventure Investigative: Unveiling Savani Resort, the Latest Addition to Hospitality at Deepest Lake Bunyonyi 

    Adventure Investigative: Unveiling Savani Resort, the Latest Addition to Hospitality at Deepest Lake Bunyonyi

    Dr. Stella Nyanzi Run Bonkers over Co-Sidee Annette Whitehead Pregnancy, Drags Kakwenza Rants to social media

    Dr. Stella Nyanzi Run Bonkers over Co-Sidee Annette Whitehead Pregnancy, Drags Kakwenza Rants to social media

    How City Fashionista Radically Hid Sevo`s Military General from US-Based Official Wife Visiting For Conjugal Rights 

    How City Fashionista Radically Hid Sevo`s Military General from US-Based Official Wife Visiting For Conjugal Rights

    Aloysius Bugingo: Ugandan Pastor move to Challenge God in Constitutional Court for Restricting Men to One Woman!

    Aloysius Bugingo: Ugandan Pastor move to Challenge God in Constitutional Court for Restricting Men to One Woman!

    NWSC Improves Apac Water Supply with over 150 Kms of Main Extensions to Cover 60% of the Quantity Projected 

    NWSC Improves Apac Water Supply with over 150 Kms of Main Extensions to Cover 60% of the Quantity Projected 

    Expert adds Scientific Angle to NCS’s Witchcraft Scandal without Dismissing the Vice as a Big Pass time for Africans

    Expert adds Scientific Angle to NCS’s Witchcraft Scandal without Dismissing the Vice as a Big Pass time for Africans

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Opinions
    UNBS closes Sunshare factory over failure to comply with Standards

    UNBS closes Sunshare factory over failure to comply with Standards

    UG Pineapple at B&W

    It was Blankets and Pineapple Waragi as SA’s Distruction Boys entertain Kampala

    To Connect the Unconnected with Innovations towards Inclusive Growth

    To Connect the Unconnected with Innovations towards Inclusive Growth

    Cindy Sanyu

    Cindy Sanyu to headline Eastern Megafest

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#CraneBankDeathRecords: Of How Crucial Evidence File Grew Legs and Wings, flying out through the RGC`s Window!

July 9, 2022
inCrime news
#CraneBankDeathRecords: Of How Crucial Evidence File Grew Legs and Wings, flying out through the RGC`s Window!

Sudhir and sone Rajiv (on phone) during appearance at one of the tens of Court sessions in the case (Courtesy Photo)

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Weekend Read: In the wake of massive insolvency issues, a key piece of documentary evidence curiously disappeared from Crane Bank, plus the office of the Registrar General of Companies (RGC).The critical piece of evidence was touching on the ownership (read shareholding) of the bank.

Bank of Uganda itself, and the rest of Ugandans had been duped for many years to believe that Crane bank was actually having other shareholders apart from the ones who are well known and to whom, the carcass of the bled bank is now supposed to be handed to. Yet most of the individuals and entities which were being passed off as shareholders in Crane bank, were merely fences for individuals who were, in actual sense, holding the said shares masked within the fake individual’s and entities’ names.

But one day,  Bank of Uganda decided to sponsor an investigation into the Crane Bank’s shareholding. Some crafty fellas who had for long duped the regulator using fake individuals and entities, as if they were shareholders of Crane Bank, panicked. Those people knew that their ruse was finally going to be laid bare by the said looming forensic investigation.

For that matter, they moved very fast to devise the means of damage control before the investigation could dig up deep into their lies. One of such fake shareholders of Crane Bank was a company styled as Sapphire. Company Sapphire was faked as a company registered offshores. The ghost firm boasted of very mouth-watering number of shares in the Crane Bank.

It would hence earn quite good dividends from the bank, on account of that fake big shareholding. Those dividends would end up in the pockets of some crafty person whose names we aren’t revealing yet he is commonly known to deserve mention. Consequently, with the regulator’s private investigator getting down to work, those culpable guys sponsored the disappearance of the whole file touching on that Sapphire ghost.

We woke up to learn that the file had disappeared from the strongroom as if it had suddenly grown legs or wings! The registrar of companies, speaking about the alleged office breach,told the suspicious world that the burglary had occured at night! Yet it is strongly believed that the breach was an inside job sponsored by the people who were culpable for creating fake shareholders ahead of looting Crane Bank.

Curiously speaking, no police case has ever been registered over the alleged burglary, or any suspect has ever been arrested and or, prosecuted for this criminal activity. The episode, hence, remains one of the intriguing unsolved episodes of our generation.

Historians are going to ponder in future how mafias managed to pull off such a criminal thing without the detection of anyone, let alone questioning anyone for answers. But for now, we shall call it a day, till when we return with yet another reflection about these issues of Crane Bank’s intriguing crumble and, eventual death, one at a time. For now, have a joyous weekend and Eid Al-Adha.

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Stephen Kasozi Muwambi
Stephen Kasozi Muwambi
Mr. Stephen Kasozi Muwambi is a seasoned crime investigative writer, majoring in judicial-based stories. His two decades’ experience as a senior investigative journalist has made him one of the best to reckon on in Uganda. He can also be reached via [email protected]
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