Site icon CEO East Africa

Court dismisses UGX397bn BoU case against Sudhir; central bank ordered to pay costs

Muhereza Kyamutetera Muhereza Kyamutetera

Dr. Sudhir Ruparelia and son, Rajiv Ruparelia together with lawyer Peter Kabatsi of KAA and city journalist and businessman Andrew Mwenda address a press conference outside the Commercial Court. Sudhir said he will launch a counter suit against the BoU and dfcu Bank.

A bank in receivership, under the Financial Institutions Act (2004) is not permitted to sue or sued and therefore, Crane Bank (in receivership) cannot and should not have sued businessman…

This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!

Exit mobile version