By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Lifestyle UgandaLifestyle UgandaLifestyle Uganda
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
    News
    Get breaking news, music updates, and celebrity stories from Uganda and East Africa. Stay informed with Lifestyle Uganda—your insider source for real-time industry updates.
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    4th April 2025
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    5th October 2023
    Bobi Wine and Barbie Share First Joint Magazine Cover
    Bobi Wine and Barbie Share First Joint Cover on Parents Magazine in Kenya
    3rd November 2018
    Latest News
    Irene Ntale, Uganda’s R&B star, to wed fiancé Vincent Kalibbala this October
    25th September 2025
    Robert Kyagulanyi nominated as sixth presidential candidate for Uganda’s 2026 elections
    24th September 2025
    Mugisha Muntu nominated for Uganda’s 2026 presidential race amid concerns over fairness
    24th September 2025
    Nandala Mafabi enters Uganda’s 2026 presidential race, pledging to “fix the economy”
    24th September 2025
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
      • Fitness
      • Pop Culture
      • Travel/Culture
    Entertainment
    Stay up-to-date with Lifestyle Uganda Entertainment—the latest news, celebrity gossip, films, and TV shows from Uganda, Nigeria, Kenya, and South Africa.
    Show More
    Top News
    Lycamobile Uganda data bundles and voice (1)
    Lycamobile Uganda: 4 Most Frequently Asked Questions & Answers
    4th April 2025
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    Who is John Blaq: Biography, Profile and Life Story of Kashada John
    5th October 2023
    The Short-Story of How Pia Pounds Got Famous Will Make You Love Her Even More
    14th April 2025
    Latest News
    Uganda’s Damalie and the Story of Doreen Mirembe: A New Voice in East African Drama
    25th September 2025
    Irene Ntale, Uganda’s R&B star, to wed fiancé Vincent Kalibbala this October
    25th September 2025
    Muhoza Trivia Elle wins Miss Uganda 2025/26 with message for single mothers
    23rd September 2025
    Sheilah Gashumba defends lifestyle after backlash over BBC Dubai trafficking exposé
    19th September 2025
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
    FashionShow More
    Elle Trivia Muhoza is the new Miss Uganda, taking over from Natasha Nyonyozi.
    Muhoza Trivia Elle wins Miss Uganda 2025/26 with message for single mothers
    23rd September 2025
    Hollywood favourite Giorgio Armani dies at 91.
    Giorgio Armani, designer behind a $10bn empire, dies aged 91
    5th September 2025
    Santa Anzo and Inspire Africa at UNAA 2025.
    Inspire Africa joins Santa Anzo in coffee-meets-fashion showcase at the UNAA Convention in New Orleans
    30th August 2025
    MultiChoice backs beauty training to boost local storytelling.
    MultiChoice Uganda backs makeup masterclass to boost local talent, strengthen film industry
    31st July 2025
    Miss Uganda 2025 launch highlights shift in strategy.
    Search for Miss Uganda 2025/2026 Begins with Centralised Format
    13th June 2025
  • Health & Living
  • Tips & Advice
Search
© 2023 Lifestyle Uganda. All Rights Reserved.
Reading: Crane Bank lawyers fail to convince UK court to throw out PwC report in case against dfcu
Share
Sign In
Notification Show More
Font ResizerAa
Lifestyle UgandaLifestyle Uganda
Font ResizerAa
  • Home
  • News
  • Business
  • Entertainment
  • Health & Living
Search
  • Home
  • News
    • International News & Politics
    • Education
    • Sports
    • Money & Finance
    • Mobile and Telecommunication
  • Business
  • Entertainment
    • Music
    • Celebrity
    • Biography
    • Lifestyle
  • Fashion
    • Beauty Trends
    • Accessories
    • Hair
    • Lipstick
    • Makeup
    • Skincare
  • Health & Living
  • Tips & Advice
Have an existing account? Sign In
Follow US
© 2023 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.
Lifestyle Uganda > Blog > Business > Crane Bank lawyers fail to convince UK court to throw out PwC report in case against dfcu
BusinessNews

Crane Bank lawyers fail to convince UK court to throw out PwC report in case against dfcu

Dfcu Bank has secured a procedural ruling in its favour as legal action brought by Crane Bank Limited and others continues in London.

Lifestyle Uganda
Last updated: 25th July 2025 9:10 pm
By
Lifestyle Uganda
ByLifestyle Uganda
Senior Editor
Discover breaking entertainment news and exclusive insights from Uganda, Kenya, Tanzania, Rwanda and Nigeria—only at Lifestyle Uganda.
Follow:
- Senior Editor
Share
2 Min Read
Dfcu Bank wins key step in English High Court case.
SHARE

London, UK – dfcu Bank has secured a procedural victory in an ongoing case before the English High Court, as part of the legal proceedings initiated by Crane Bank Limited (CBL) and others.

Critically, the Court dismissed an attempt by Crane Bank Limited to exclude reports prepared by PricewaterhouseCoopers Ltd (PwC) from the proceedings. Crane Bank’s lawyers failed in their argument that (i) PWC, which was instructed by Bank of Uganda, to undertake a forensic audit of Crane Bank, was not part of the global and well-known firm PWC and (ii) that the PwC reports would be inadmissible as a matter of law to prove any primary fact.

Justice Paul Stanley noted that the PwC reports spanning over 150 pages and covering a broad period, (including events in the early 2000s), point to findings which, if accurate, can fairly be described as serious, indicating mismanagement of Crane Bank in several respects including:

  1. Creation of a deliberately false impression on its balance sheet.
  2. Disguising the identity of shareholders.
  3. Improper diversion of bank funds; and
  4. Sweetheart deals with insiders.

The judge noted that, if accurate, these findings point to management practices inconsistent with what “any sensible regulator would wish to see operating a strategically important bank.”

Court orders Sudhir to hand over his phone for expert scrutiny.
Mr Sudhir Ruparelia. Photo/courtesy

In a further development, the Court ordered Sudhir Ruparelia to surrender his mobile phone for expert forensic analysis to determine whether it contains potentially relevant documents. Sheena Ruparelia was also directed to disclose materials from her personal email account.

- Advertisement -
lifestyle uganda adwords

dfcu has consistently maintained that the claims against it are without merit and continues to assert that it acted lawfully throughout the process of the acquisition of Crane Bank Limited.

The bank has reiterated its commitment to defending itself vigorously while upholding international standards of ethical conduct and governance.

Uganda Airlines Signs Interline Deal With Air India, Expanding Access Across Africa and Asia
Ugandan Women Business Executives: Zari, Anne Juuko, Dorothy Kisaka, Jennifer Musisi, Lilly Ajarova top the list
Actor Moses Armstrong Suspended Pending Investigation of Rape Charges
Ladi Kwali, a Nigerian Potter, Is Featured on Google Doodle
Bettinah Tianah talks modelling for Black Abba

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Reddit Email Copy Link
Share
ByLifestyle Uganda
Senior Editor
Follow:
Discover breaking entertainment news and exclusive insights from Uganda, Kenya, Tanzania, Rwanda and Nigeria—only at Lifestyle Uganda.
Previous Article Lydia Jazmine drops debut album after delays. Lydia Jazmine Finally Drops Debut Album ‘The One and Only’ After Delays
Next Article Uganda Clays posts deeper losses for second straight year, but eyes recovery with new strategy. Uganda Clays Posts Shs4.95 Billion Loss for 2024, Pledges Turnaround Strategy

Stay Connected

45.2kFollowersLike
5.1kFollowersFollow
213FollowersPin
35.6kFollowersFollow
11kSubscribersSubscribe
400FollowersFollow
- Advertisement -

Latest News

Doreen Mirembe leads new wave of Ugandan TV drama with Damalie.
Uganda’s Damalie and the Story of Doreen Mirembe: A New Voice in East African Drama
Entertainment Latest Movie & Trailers
25th September 2025
dfcu Bank targets farmers and SMEs with Fort Portal branch.
dfcu Bank opens new branch in Fort Portal, eyes Western Uganda’s growth
Business Money & Finance
25th September 2025
The wedding marks a new milestone for the beloved Ugandan singer.
Irene Ntale, Uganda’s R&B star, to wed fiancé Vincent Kalibbala this October
Entertainment News
25th September 2025
Kyagulanyi nominated as sixth candidate in Uganda presidential race.
Robert Kyagulanyi nominated as sixth presidential candidate for Uganda’s 2026 elections
International News & Politics News
24th September 2025
//

At Lifestyle Uganda, we inform, entertain, and inspire action through the content we create — empowering you to live a celebrity life.

Quick Link

  • Home
  • News
  • Business
  • Entertainment
  • Health & Living

Top Categories

  • About Us
  • Send a Tip
  • Terms of Use
  • Privacy Policy
  • Contact

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
Lifestyle UgandaLifestyle Uganda
Follow US
© 2025 Lifestyle Uganda. A Now & Entertainment Media Company. All Rights Reserved.
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..
I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Not a member? Sign Up