Managers defraud paper making firm of Shs1.8b

Mr Aniket Patel (right), the former managing director of Crown Converter Limited, with his lawyers at the Anti-Corruption Court in Kololo on Tuesday. Photo by Ephraim Kasozi

What you need to know:

Report. The managers carried out fictitious deals.

Kampala. Paper making company, Crown Converters Limited (CCL), has lost more than Shs1.8 billion in four years through falsified transactions by its managers, an internal audit report has shown.
According to the report by Kenyan-based independent auditors, Grande Afrique Consulting, former managers of CCL led by Mr Aniket Patel, colluded to fleece the company money in fictitious transactions.

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