BoU vs Sudhir

Billionaire Dr. Sudhir laughs last, as dfcu Bank is ordered to vacate and repair his 48 properties and compensate him UGX2.4 billion 

by Muhereza KyamuteteraCommercial JusticeNews & AnalysisThe Big StoryNovember 7, 2023November 9, 2023

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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We will relentlessly pursue dfcu Bank and its owners in English courts⏤ Crane Bank shareholders vow after London win

by Muhereza KyamuteteraIndustry & AnalysisNews & AnalysisThe Big StoryJuly 30, 2023July 30, 2023

Fresh from securing an English appellate court order that dfcu Bank, its former management and directors, must answer claims that they participated in corruption and bribery of Central Bank officials…

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VIDEO: A victorious Dr. Sudhir hits at BoU: You stole my Bank, but your incompetent and corrupt legal department and expensive-for-nothing external lawyers couldn’t save you

by Muhereza KyamuteteraCommercial JusticeCompany NewsNews & AnalysisThe Big StoryFebruary 11, 2022February 11, 2022

Minutes after legally slaying Bank of Uganda, for the nth time, but this time for good, Dr. Sudhir Ruparelia, has hit at certain officials of the central bank for stealing…

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Crane Bank shareholders protest BoU’s legal manoeuvres to avoid compensation costs; Supreme Court to make a ruling on notice

by The CEO Magazine TeamCommercial JusticeThe Big StoryNovember 10, 2021November 10, 2021

The wheels of justice turn slowly, but grind exceedingly fine, Bank of Uganda has sadly learnt, albeit too late. This is after pouring several billions of taxpayer money, down the…

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FINITO: BoU case against Dr. Sudhir Ruparelia suffers its worst defeat as Supreme Court declares move to liquidate Crane Bank (In Receivership) illegal

by The CEO Magazine TeamNews & AnalysisThe Big StoryOctober 4, 2021October 4, 2021

Just weeks after Bank of Uganda withdrew its UGX397 billion Supreme Court case against Dr. Sudhir Ruparelia and his Meera Investments Limited, today the Supreme Court handed the central bank,…

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Supreme Court dismisses with costs, BoU’s application to switch parties in Crane Bank case

by Muhereza KyamuteteraCommercial JusticeThe Big StoryAugust 13, 2021August 13, 2021

Yesterday, 12th August 2021, five Supreme Court Justices unanimously dealt a death blow to Bank of Uganda’s legal strategy, that if successful, would have reversed the several losses the Central…

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BoU loses Court of Appeal UGX397bn case against Dr. Sudhir; could face lawsuit of up to UGX600 billion

by Muhereza KyamuteteraThe Big StoryJune 23, 2020June 23, 2020

Court of Appeal Justices, Alphonse Owiny Dollo; Cheborion Barishaki and Stephen Musota have today agreed with earlier ruling by Commercial Court Judge, Hon Mr. Justice David K. Wangutusi’s August 26th…

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