Tag Archives: Sudhir

Sudhir, BoU fallout: An inside account of the politics behind the tycoon’s troubles Kampala, Uganda | HAGGAI MATSIKO | On July 6, President Yoweri Museveni chaired a meeting at which tycoon Sudhir Ruparelia and officials from Bank of Uganda (BoU) sought to resolve a crisis resulting from the takeover of Crane …

  In The Independent: Details of the Sudhir, BoU fall out THE LAST WORD Trump’s mirror to America: How the U.S. president has exposed the hypocrisy of his nation’s media and academia COVER STORY Sudhir, BoU fall out: An inside account of the politics behind the tycoon’s troubles ANALYSIS Kagame’s …

Why Sudhir will not be jailed…..And three things everyone must know about how the powerful and wealthy look at financial crimes COMMENT | JOSEPH WERE | Bank of Uganda Governor Tumusiime Mutebile’s defense about the central bank’s perceived poor handling of the Crane Bank take-over and sale has been simple: …

Kampala, Uganda | GODFREY SSALI |  A concerned citizen on Wednesday petitioned the office of the Inspector General of Government (IGG) asking for investigations into the wealth of a Bank of Uganda (BOU) official. Denis Nyombi a lawyer from Denis Nyombi & Co. Advocates said he is seeking the IGG’s …

Kampala, Uganda | JULIUS BUSINGE | dfcu Bank has posted Shs 114 bn for the first half of this year up from Shs 23bn in the same period last year, according to its interim consolidated financial results released August 15, 2017. According to a notice issued on Tuesday, top management attributed …

VIDEO: Commercial Court gives Sudhir, BOU 60 days to settle case Kampala, Uganda | NTV UGANDA | The Commercial Court has given Bank of Uganda and business man Sudhir Ruparelia 60 days within which to amicably settle their differences through mediation. On Tuesday this week ,  the Head of the Court …

Court appoints an arbitor in BOU, Sudhir Crane Bank case Kampala, Uganda | GODFREY SSALI | The Commercial Court has appointed  city advocate Harriet Magala from Kituuma -Magala and company advocates to mediate in the case between Bank of Uganda and tycoon Sudhir Ruparelia over Crane Bank. Judiciary spokesperson also the …

BOU denies hiding cash on foreign account in Germany Kampala, Uganda | JULIUS BUSINGE |  Bank of Uganda (BOU) has dismissed as untrue reports that it has hidden Sh10.7 billion in a bank in Germany, an issue that has been widely spread on social media in the past week. In …

How BoU is overseeing the biggest asset grab ever Kampala, Uganda | HAGGAI MATSIKO | On July 3, Crane Bank which is under receivership by Bank of Uganda (BoU) sued its former owner, Sudhir Ruparelia, and a company called Meera Investments Ltd also owned by Sudhir in what might turn …

How the central bank’s handling of the problems of Crane Bank showed lack of imagination and strategy THE LAST WORD |Andrew M. Mwenda| I have always had high respect for Bank of Uganda (BOU) because of its management competences. Since the collapse of Uganda Commercial Bank in 1999, BOU has …