THIS WEEK: Doubts over mediation in Sudhir- BOU case
Kampala, Uganda | THE INDEPENDENT | More than two weeks after the Commercial Court advised businessman Sudhir Ruparelia and Bank of Uganda (BoU) to seek an out of court settlement, neither side is yet to make a gesture on the issue. Justice David Wangutusti advised the two parties to seek mediation saying the case would greatly hurt one of them.
The Shs397bn fraud case has pitted the former Crane Bank owner Sudhir sharply against BoU, who accuse him of illegally transferring the bank’s land titles to his other investments. As a condition for the mediation, Sudhir demanded that BoU lawyers David Mpanga and Timothy Masembe recuse themselves from the case. Meanwhile the Mediation Registry at the Commercial Court was yet to reach out to the two parties by press time.