Crane bank sues Panamera boss Desh Kananura over Shs120 million loan

by admin

June 7, 2016

in News

Ex Amison commander jailed for 18 months

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Rally driver Andrew Desh Kananura has been dragged to the Commercial Court over non-payment of a bank loan amounting to over 120 million shillings.

Crane Bank Ltd says it extended a 65 million-shilling loan to Kananura in 2014 for importation of his car and that he promised to pay within two months.

Man arrested for posing as police officer to ferry people from Kampala to Jinja

Lukwago wants each household to receive Shs 250,000 in food relief for 42 days

However, to date, Kananura has refused to pay back the said money despite several reminders from the bank.

The bank now wants court to order Kananura pay back the said money which has now accumulated at an interest rate of 36% per annum.

Court is yet to summon Kananura for a response.

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