Rabobank and Former Bankers Face London Court Over Crane Bank Takeover

Netherlands-based Rabobank and two of its former senior bankers are slated to appear before the High Court of Justice in London. The appearance marks a continuation of the high-stakes, multibillion-shilling legal dispute concerning the controversial takeover of Crane Bank.

The proceedings center around former bankers Albert Jonkergouw and Willem Cramer, who previously served on the board of dfcu Bank. They are expected to address critical issues regarding the alleged irregular acquisition of selected assets and liabilities from Crane Bank, which dfcu Bank purchased in January 2017.

The London-based court officially commenced hearings for this complex case on October 4, with legal proceedings anticipated to span a total of 16 weeks as all parties present their arguments and evidence.

Read more details in the original report on Daily Monitor.