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Tag Archives: Sudhir

COSASE report: Crane bank closure was illegal

Kampala, Uganda | THE INDEPENDENT | The closure of Crane Bank by Bank of Uganda was illegal. This is according to a report by the committee on Commissions, Statutory Authorities and State Enterprises -COSASE. The report indicated that an analysis of the Bank’s liquidity from 1st January to 24th January …

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Former Crane Bank board chair accuses BOU of frustrating investors

  Kampala, Uganda | THE INDEPENDENT | The former Crane Bank Chairman of Board of Directors, Joseph Biribonwa, has accused the Central Bank for frustrating investors. Biribonwa on Wednesday appeared with the former Crane Bank owner Sudhir Ruparelia before Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that …

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SUDHIR: Crane Bank sale was fraudulent

Kampala, Uganda | THE INDEPENDENT | The agreement for the sale of Crane bank to DFCU was shoddy and fraudulent, Former Crane Bank owner, Sudhir Ruparelia has told the ongoing Bank of Uganda probe. According to Sudhir, the Purchase of Assets and Liabilities (P&A) agreement signed between BoU and DFCU …

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Bakabulindi grilled by the Land Probe Commission

Kampala,Uganda | GODFREY SSALI | State Minister for Sports Charles Bakabulindi has appeared before the Land Probe Commission to explain his involvement in the sale of Kololo SSS play field along Lugogo by pass in Kampala, to City Tycoon Sudhir Ruparellia. Recently Board Members of Kololo SSS appeared before the land …

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SUDHIR: I got Kololo SSS land legally

Kampala, Uganda | GODFREY SSALI | Property mogul Sudhir Ruparelia Thursday defended himself before the Land Probe Commission over accusations by Kololo Senior Secondary School that he grabbed their sports field along Lugogo bypass in Kampala, close to where his Kampala Parents Primary School is situated. Sudhir told the commission …

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