-
Uganda: Court Summons BOU Over Sudhir
Monitor, 7 August 2017
The High Court has summoned Bank of Uganda to defend itself against the new suit brought against it by property mogul Sudhir Ruparelia. Read more »
The High Court has summoned the Bank of Uganda to defend itself against a new suit brought against it by property mogul Sudhir Ruparelia. Last month, the Bank sued Ruparelia for about Shs400b he allegedly fraudulently took out of the now-defunct Crane Bank and the businessman says this is a breach of confidentiality in a settlement between the two parties.
A photo montage of the under fire Crane Bank proprietor Sudhir Ruparelia, left, and Bank of Uganda governor Emmanuel Tumusiime-Mutebile.
A forensic report into the demise of Uganda's Crane Bank details a litany of problems, including billions wasted on dubious software and bad loans being written off. And the ... Read more »
AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.