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Sudhir Ruparelia. Courtesy Photo

BoU Moves to Have Sudhir Ruparelia Court Victory Overturned

Bank of Uganda (BoU) and Crane Bank, under receivership, have announced they will appeal to have the court victory of tycoon Sudhir Ruparelia and Meera Investments quashed. On August 26, Justice David Wangutusi of the Commercial Division of the High Court in Kampala ruled that Crane Bank, under receivership, had no

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Tycoon Sudhir Ruparelia Warns Dfcu Bank after Wining BoU-Crane Bank Case

City tycoon Sudhir Ruparelia has won a law suit in the Commercial Court in which Bank of Uganda (BoU) had accused him of illegally transferring money from Crane Bank Limited. On June 30, 2017, BoU and Crane Bank filed a suit claiming Ruparelia and Meera Investments company had fraudulently transferred Shs

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Kabushenga, David Mpanga Deny Discussing Sudhir Woes at Liquid Silk Meeting

A video reportedly showing a meeting between Vision Group CEO Robert Kabushenga and city lawyer David Mpanga at Kampala’s Silk Liquid has raised more dust as the public debates the case between the central bank and tycoon Sudhir Ruparelia. Bank of Uganda (BoU) has dragged Sudhir to the Commercial Court accusing

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Central Bank Closes Sudhir’s Forex Bureaus

Bank of Uganda has shut down forex bureaus belonging to city businessman Sudhir Ruparelia after their licences expired four months ago and were not renewed. The affected bureaus are Crane Forex Bureau at Speke Hotel, Crane Forex Bureau at Kampala Road, Karibu Forex Bureau at Mukwano Arcade on Namirembe Road; and Redfox

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