A disturbing video has emerged showing Vision Group chief executive officer, Robert Kabushenga, meeting a city lawyer with the aim of ruining mogul Sudhir Ruparelia.
Kabushenga who is said to be a personal friend of Sudhir was caught meeting David Mpanga at Silk Liquid in Bugolobi, outside Kampala.
Mpanga is part of the lawyers in Sudhir's court case filed against him by Bank of Uganda for allegedly embezzling over Shs400bn from Crane bank.
It is said after meeting Mpanga, New Vision started releasing a series of stories about Crane bank saga with the aim of blackmailing the businessman.
WATCH THE VIDEO HERE:
Last week, a concerned citizen, Derrick Nsereko, issued a notice of intention to sue Bank of Uganda seeking declaratory orders on failure to supervise Crane Bank before selling it to DFCU bank.
Nsereko also wishes to ask the Inspector General of Government [IGG], Irene Mulyagonja, and Police to commence criminal investigations and proceedings against officers of the central bank.
Through his lawyers Kashilingi, Rugaba and Associates, Nsereko says BoU has since 1995 regularly given Crane Bank a clean financial bill of health and even defending it publically for keeping a good financial record.
In notice copied to BoU Director Bank Supervision, Justine Bagyenda, Nsereko said as a result of BoU's failings, neglect of duty or intransigence, Crane bank was largely owned by one individual contrary to the provisions of the FIA, had several fraudulent remittances undetected by the Central Bank.
In a separate notice, a city businessman Godfrey Kirumira, threatened to sue the Vision Group owned and state-run New Vision for serialising a story implicating him in Sudhir's embezzlement of Shs400bn from Crane bank.
Kirumira's lawyers Tumusiime, Kabega & Co. Advocates say New Vision and its sister Luganda paper Bukedde serialised a story implicating their client in Sudhir's fraud, saying the stories were false since Kirumira is neither a shareholder nor a director at Crane bank.
The lawyers say the articles caused embarrassment to their client and should be retracted immediately or they take the matter to court.
Meanwhile, a critical report circulated on Wednesday claiming that a "cartel of powerful political and economic hit-men is hiding behind the forensic investigation of the defunct Crane Bank to fight President Museveni and Sudhir Ruparelia".
This group is reportedly "waiting to make a killing from the woes of the defunct bank, fronting a bill of Sh400billion as having got lost from the bank as Sudhir allegedly single-handedly orchestrated a raid on the third biggest bank".
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