The Supreme Court has dismissed with heavy Costs Bank of Uganda’s (BoU) case in which Crane Bank Limited (CBL) (in receivership) filed an application against Sudhir and URSB seeking for an interim order preventing the businessman from claiming, taking control, repossessing or in any way interfering with the management of CLB or of its receiver…
The Central Bank through it’s Governor Prof. Emmanuel Tumusiime Mutebile on Friday November 13, 2020 issued an order to liquidate former Crane Bank Limited in receivership which was fraudulently sold to DFCU bank by officials in bank of Uganda in 2016. “In exercise of its powers under section 99 (1) & (2) of the Financial…
The Court of Appeal in Kampala has dismissed with costs, an application in which the proprietors of Simbamanyo Estates Ltd had sought to halt the auctioning of its prime properties in Kampala which was meant for Equity Bank Ltd to recover outstanding loans worth $10.8 million (about Shs40 billion). Justice Christopher Madrama ruled that Simbamanyo…
After the firing of James Onen aka Fatboy, tycoon Sudhir Ruparelia has fired yet another ‘Big Fish’ at Sanyu FM, identified as Betsy Mugamba, who was one of the top managers, for having been one of the ringleaders of the general staff strike that happened in June. The management of Sanyu FM decided to terminate…
City architect Peter Kamya, who is the proprietor of Simbamanyo Estates, has chickened out on his fight to rescue the building called Simbamanyo House, which houses the Ministry of Gender, Labour and Social Development. The building was a few days ago bought by tycoon Sudhir Ruparelia’s Meera Investments Limited, at USD5m, about Shs18.5Bn, after it…
City architect Peter Kamya, who is the proprietor of Simbamanyo Estates, has chickened out on his fight to rescue the building called Simbamanyo House, which houses the Ministry of Gender, Labour and Social Development. The building was a few days ago bought by tycoon Sudhir Ruparelia’s Meera Investments Limited, at USD5m, about Shs18.5Bn, after it…
Ugandan Businessman and Tycoon Dr. Sudhir Ruparelia writes to President Yoweri Museveni asking him to consider opening up the country for Marijuana growing because Cannabis is the new Green Gold that could help transform the economy immediately. Here below is the full letter: By Dr. Sudhir Ruparelia and Rajiv Ruparelia. Your Excellency, I believe you…
Dr. Sudhir Ruparelia’s Speke Resort Munyonyo, which is the ultimate destination for relaxation, on Sunday treated guests to a luxurious Marina experience, during which they enjoyed fun-filled aquatic activities. Speke Hotel has a Marina that is equipped with speed boats, canoes and a yacht, which guests can hire for leisurely activities on Lake Victoria like…
Kampala mogul Dr. Sudhir Ruparelia is the new landlord of the expansive Simbamanyo House, which is situated on Lumumba Avenue opposite CPS building, after his Meera Company bought the building from Equity Bank. Simbamanyo House originally belonged to city businessman Peter Kamya, who staked it as collateral security to Equity Bank in 2017 for a…
Tycoon Sudhir Ruparelia has dragged city lawyer Andrew Karamagi to court for alleged defamation. Dr. Sudhir through his lawyers of Galisonga and Company Advocates filed the suit before the Civil Division of High Court in Uganda’s capital, Kampala. According to the businessman, Karamagi posted on his Facebook page statements that were allegedly false and defamatory.…
