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Uganda: Bank of Uganda-Sudhir Legal Showdown - Why the Chips Are Down
Monitor, 23 July 2017
Uganda's central bank is on trial. Real estate magnet Sudhir Ruparelia is on trial. Meera Investments Limited is on trial. The Judiciary, too, is on trial. Read more »
Why The Chips Are Down in Bank of Uganda-Sudhir Legal Showdown
Uganda's central bank is on trial. Real estate magnate Sudhir Ruparelia is on trial. Meera Investments Limited is on trial. The judiciary, too, is on trial. The Monitor's Ivan Okuda looks at the saga that began when the Bank of Uganda took over, put under receivership and eventually sold Crane Bank Limited
A photo montage of the under fire Crane Bank proprietor Sudhir Ruparelia, left, and Bank of Uganda governor Emmanuel Tumusiime-Mutebile.
InFocus
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A citizen is suing the Bank of Uganda for failing to properly supervise the business of Crane Bank Limited. The Central Bank licensed Crane in 1995, only to shut its operations and ... Read more »
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It is not clear whether it was Sudhir Ruparelia's decision to relinquish the licenses voluntarily or Bank of Uganda's decision not to renew them. However, a source within Bank of ... Read more »
