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Billionaire Dr. Sudhir laughs last, as dfcu Bank is ordered to vacate and repair his 48 properties and compensate him UGX2.4 billion  He who laughs last laughs best! Exactly 7 years and 4 days, after Bank of Uganda, on October 20 2016 seized Crane Bank Limited, then one of Uganda’s top three banks, and subsequently sold it to dfcu Bank on January 24, 2017, the shareholders of Crane Bank are having the last laugh.

by Muhereza Kyamutetera
Having severally defeated Bank of Uganda in court over the seizure of his bank in 2016, billionaire businessman Dr. Sudhir Ruparelia has now taken the battle to dfcu Bank, the buyer and main beneficiary from the impugned transaction.

On October 24th 2023 the High Court in Kampala ruled that dfcu Bank illegally transferred to itself, 48 properties that Crane Bank had leased from Meera Investments before the seizure….

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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