The Big Story

How Sudhir Defeated BoU to Retain Crane Bank Branches Sudhir On Tuesday breathed with a sigh of relief after the Court of Appeal upheld a decision by the Commercial court against suit by Bank of Uganda accusing him and his Meera Investments of illegal shareholding transfer.

by URN
Businessman Sudhir Ruparelia (centre) together with his son Rajiv Ruparelia and KAA lawyers at the Court of Appeal in Kampala after his second-round Court of Appeal win. KAA has appealed to Bank of Uganda to go to Supreme Court if they are disatisfied with the Court of Appeal ruling insead of making false and inaccurate statements in the media.
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City Mogul, Sudhir Ruparelia of the Ruparelia Group is in up mood having defeated Bank of Uganda’s attempt to take over properties formerly housing the defunct Crane Bank. Sudhir has since 2017 been fighting a protracted legal battle over claims that he withdrew over UGX397 billion to construct the 48 branches. On 20th October 2016 the Bank of Uganda took over management of Crane Bank as per

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