The bank suspended Pramuka’s licence two years ago, for alleged frauds and mounting bad debts.
We produce the Central Bank’s detailed statement for the benefit of our readers:
Why Central Bank decided to Liquidate Pramuka Bank?
1.
Lifting The Veil
The Central Bank sent out a detailed statement justifying its reasons for winding up the failed Pramuka Savings & Development Bank. The Central Bank sent out a detailed statement justifying its reasons for winding up the failed Pramuka Savings & Development Bank.