By Spy Uganda
The Board of Directors of Dfcu Bank has summoned the Bank’s senior management to explain circumstances under which company secrets are increasingly leaking to the media.
Dfcu Bank was thrown into a frenzy over the weekend after information leaked that they are finalizing preparations to evict themselves from tycoon Sudhir Ruparelia’s building owned under Meera Investments, which had initially been leased by Crane Bank.
Information circulated over the weekend to the effect that Dfcu bank sent out requests for bids from companies to offer consultancy services for the construction and relocation of their 22 branches across the country, although in total they plan to relocate 46 branches.
However, our Spy at the bank now reveals that the Dfcu of directors, on Monday afternoon held a crisis meeting with its top Bank managers in a bid to avert the ongoing panic among customers and the continued leakage of high profile bank secrets.
Ever since Dfcu Bank bought Sudhir’s Crane Bank after it was wound up by Bank of Uganda, they have been operating in buildings that Meera Investments had leased to Crane Bank, something Sudhir and his company contested against.
Matters worsened last year when Dfcu bank decided to change the titles of ownership for the structures in various parts of the country into the Bank’s name, which prompted Sudhir to drag them to court and by the look of things, hopes of the Bank triumphing over the Tycoon are very minimal, perhaps reason why they decided to evict themselves from the buildings.
In August this year it emerged that Dfcu bank was misled by their lawyers of Sebalu and Lule Advocates and the Commissioner for Lands to illegally transfer title properties into its name yet properties are still registered in the names of Meera Investments Ltd, whose consent was never sought before the transfer were effected, which is illegal and tantamount to fraud.
