Browsing: Business

Two Departed Asian Property Custodian Board Bosses Arrested Over Fraud

The State House Anti Corruption Unit (SH-ACU) in liaison with Police have arrested two top members of the Departed Asian Property Custodian Board (DAPCB) over fraud-related charges. George William Bizibu, the executive secretary of the board together with his accountant were on Wednesday evening arrested for allegedly obtaining money from various persons purporting to allocate…

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My Longtime Friend Sudhir Ruparelia Isn’t After My Property – Businessman Bitature Clarifies

Embattled businessman Patrick Bitature has come out to second his sincere apologies to his colleague and long time friend Sudhir Ruparelia. This follows a social media campaign in which Sudhir had been depicted complicit in Bitature’s current financial woes. In the past weeks, the local press clearly showed  that Sudhir has a hand in what…

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Embattled: Court Quashes Bitature’s Application Seeking Protection Against $10m Vantage Loan

The Commercial Court in Kampala has dismissed an appeal filed by Businessman Patrick Bitature seeking protection from being sued directly by South African firm Vantage Mezzanine Fund II partnership in a bid to recover a $10m loan it extended to the businessman eight years ago. Bitature alongside his companies; Simba properties Co. Ltd, Simba telecom…

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Consumer Protection: UNBS Warns Consumers To Check For Quality, Quantity As Prices Shoot Up

The Uganda National Bureau of Standards-UNBS has cautioned the public against deceptive traders who are taking advantage of the unstable commodity prices to fleece them. UNBS is concerned that many consumers are already falling victims to unscrupulous traders who are taking advantage of rising commodity prices in the country to either overcharge or manipulate the…

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