Stanbic Bank
Stanbic Bank
Stanbic Bank
Stanbic Bank
19.4 C
Kampala
Stanbic Bank
Stanbic Bank
Stanbic Bank
Stanbic Bank

Did Minister Kutesa and wife hawk Crane Bank to now embattled Chinese investors?

Must read

Minister Kutesa’s dust about his involvement with the now embattled Chinese investors held in the United States over corruption is not about to settle.
An affidavit seen by Eagle shows that while serving as President of the UN General Assembly, Mr Sam Kutesa didn’t not only solicit shs2B from the chines e to help them acquire stake in the energy sector, he also hawked to then a Ugandan Bank. This time, he employed the help of his wife, court documents show.
Although it is implied that the said Bank could be Crane Bank, FBI agent Thomas Mcnulty does not, in his affidavit, mention the name of the Bank but builds a scenario that point to Sudhirs Bank which was acquired in October 2016 and sold to Dfcu in January 2017.
Mr Mcnulty says that Mr Kutesa’s wife contacted defendant Chi Ping Patrick HO “with an opportunity to help him acquire a Ugandan Bank and to guide him with the very confidential and urgent process.”
On Oct 31 2016 the wife wrote to Mr Patrick an email with the subject opportunity to invest in the banking sector
The letter purportedly read, “The Central Bank official you met during your visit has contacted me to inform you that about the possible acquisition of local bank but as you know selling a bank is a very confidential and urgent process.”
She provided the website of the bank and instructed Patrick to express interest by sending a letter to the Vice Governor of the bank of Uganda and added, “It is imperative that the letter is sent by close of business today through email…. In the mean time I would like to talk to you on phone.”
In his affidavit, Mcnulty says he later read in the local press that Bank of Uganda hald sold a local Bank to another local bank.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

- Advertisement -