Browsing: Business

‘They Should Be Put On Cross For Agonizing a Stable Institution’- Panic As London Court Calls For Prosecution of Corrupt BoU Officials Who Conspired With Struggling DFCU To ‘Steal’ Crane Bank

3 revered judges of the Court of Appeal in London are astonished that a group of dubious, corrupt and deceitful officials from the Bank of Uganda who designed a plan to steal and sell off Crane Bank Limited (CBL) are not in prison. And one of the recommendations highlighted in the Wednesday judgment by the…

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DETAILS: What You Didn’t Know About The UK Court Ruling That Will See Tycoon Sudhir Pocket More UGX795 Bn In The Dfcu-Crane Bank Case

City Tycoon and Banking Mogul Dr Sudhir Ruparelia, together with six (6) other stakeholders of the now-defunct Crane Bank are set to pocket billions after a major victory against DFCU Bank in an England court. The other appellants are; Jyotsna Ruparelia (Sudhir’s wife), Meera Ruparelia, Rajiv Ruparelia, Tom Mugenga and Sheena Ruparelia. The sixth appellant…

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Crane Bank Saga: DFCU Troubles Deepen As UK Court Makes Major Ruling In Favor of Sudhir

The Court of Appeal from the High Court of Justice Business and Property Courts in England has issued a judgement quashing an earlier decision by the lower court exonerating dfcu bank and its shareholders from fraudulently taking over Crane Bank. The Court of Appeal contends with businessman Sudhir Ruparelia and six other applicants that dfcu…

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Traders Seek To Boost Import, Export Trade Through Uganda Connect

In response to H.E. President Yoweri Kaguta Museveni’s directive for a more compelling presentation of Uganda and its products in foreign markets, Uganda Connect has emerged as a pivotal platform. The launch of Uganda Connect, a private sector-led brand and marketing drive, took place at Next Media Park, drawing investors, producers, farmers, exporters, and media…

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Ham Vs DTB Case: Ham Enterprises Petitions Constitutional Court to Reverse Supreme Court ‘Defective & Unconstitutional’ Judgement

Ham Enterprises through their lawyers of Muwema and Company advocates have petitioned the Constitutional Court Challenging the Supreme Court judgement of 13, June 2023. According to Ham Enterprises, the judgement was defective and unconstitutional as it Contravenes articles: 2, 20, 21, 28, 44, 126, & 128 of the Ugandan Constitution. Ham further contends that the…

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‘With NEMA Approval, We Only Secured Our Garden Which Was Earlier Affected By Unprecedented Rise Of Water’- Ruparelia Group Dismisses Allegations Of Refilling Lake Victoria

As part of the larger preparations for the incoming 19th Summit of the Non-Aligned Movement to be held in January 2024 in Kampala, Uganda at Speke Resort Munyonyo, the entire facility is also undergoing some indoor and outdoor refurbishments and upgrades. The Ruparelia group conducted an on-the-spot media tour of the construction grounds and provided…

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Rajiv Ruparelia: “Construction Of East Africa’s Largest Convention Centre Is at 64% and We Need All the Support for this Project From Everyone Who Loves Development”

The Speke Resort Convention Centre is poised to host prestigious events, with the 19th Summit of the Non-Aligned Movement (NAM) and the G77 South Summits scheduled for January 2024 in Kampala, Uganda. Rajiv Ruparelia, a Director of the Ruparelia Group highlighted that the structural works, which commenced in November 2022, have reached an impressive 64%…

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