Commercial JusticeThe Big Story

BREAKING NEWS: After several court losses, BoU withdraws case against Dr. Sudhir Ruparelia

by Muhereza Kyamutetera
Dr. Sudhir Ruparelia has the last laugh
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After several court losses, the Bank of Uganda has withdrawn its UGX397 billion case against Dr. Sudhir Ruparelia and his Meera Investments Limited. The case had now reached at Supreme Court, following BoU’s losses with costs, at both the Commercial Court and Court of Appeal. Both courts had ruled that Crane Bank (In receivership) has no locus to sue since the Financial Institutions Act 2004

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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.