CRANE BANK SAGA Archives - The Capital Times

A Flashback on Sudhir Ruparelia’s Crane Bank Shattered By Greedy BoU Mafias, Later Revived By Supreme Court

In the year 2007, Crane Bank Limited announced that it was planning to expand into the neighboring countries and yes this dream was fulfilled and officially launched operations in 2014, but shortly after greedy Bank of Uganda (BoU) mafias swung into action

July 3, 2022

Business

Why Sudhir’s Lawyers Want Crane Bank Returned To It’s Original Share Holders

In January 2017, Crane Bank was acquired by DFCU Bank at a cost of Shs200 billion ($52.8 million) on grounds that it was undercapitalized as declared by the regulator Bank of Uganda. Crane Bank whose proprietor is businessman Sudhir Reparelia remained open

November 16, 2021

Business

Big Story: Legislature Moves To Kick BoU Top Officials Out Of Juicy Positions Over ‘Dubious Sale Of Crane Bank, Seven Commercial Banks’

The Parliament of Uganda through Igara East Member of Parliament, Hon Michael Mawanda is working on a, ‘Constitution (Amendment) Bill, that seeks to, among others, remove the Governor and Deputy Governor of Bank of Uganda from being Chairperson and Vice Chairperson respectively

November 14, 2021

Business

Supreme Court Sets Date To Rule On Who Pays Costs In Crane Bank Case

The Supreme Court has said it will at a later date rule on who between Bank of Uganda (BoU) and Crane Bank in receivership pays the legal costs to businessman Sudhir Ruparelia in the multibillion commercial dispute. This follows submissions by Mr

November 10, 2021

Business

ANDREW MWENDA: BoU Should Concede Crane Bank Legal Battle, Negotiate With Tycoon Sudhir

City talkative Journalist Andrew Mujuni Mwenda has advised the frustrated Bank of Uganda (BoU) to concede in the four-year old legal battle with city tycoon Sudhir Ruparelia and his Meera Investments Ltd following the latest Supreme Court ruling that quashed the central

October 14, 2021

Business·Crime

Trouble Looms! Tycoon Sudhir Sues Embattled BoU Legal Counsel Margaret Kasule Over Contempt Of Court

In the wake of events surrounding the Supreme Court decision to nullify the liquidation of Crane Bank Limited, Businessman Sudhir Ruparelia has through his legal team led by Kampala Associated Advocates sued the head of Bank of Uganda’s (BOU) Legal department Margaret

October 13, 2021