DFCU ORDERED TO PAY 82 MILLION TO FORMER CRANE BANK EMPLOYEE

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In Kampala
The High Court has ordered dfcu Bank to pay former Crane Bank employee damages of Shs 82 million for unlawful deductions to his account and in effect banned city law firms MMAKS Advocates and Bowmans of messers Kanyererezi Masembe and David Mpanga from representing any entity against the defunct Crane Bank.
Crane Bank, of city businessman Sudhir Ruparelia, was closed by Bank of Uganda in October 2016 and later controversially sold to dfcu Bank in January 2017, with the matter now before several courts and a subject of inquiry by parliament.
In his ruling on Tuesday Justice David Wangutusi ordered dfcu Bank to pay Mr Shakil Pathan Ismail Shs 62 million, general damages of Shs 20 million and costs of the suit plus an interest rate of 21 percent of the total sum from April 2016 to-date

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