Speaking upon the victory to the media at commercial court Nakasero
Dr Sudhir Ruparelia defeats BoU in 397billion shillings case.
earlier today monday morning 26th of august ,commercial court in Nakasero has dismissed the case the Bank of Uganda had lodged against businessman Sudhir Ruparelia seeking to recover Shs 379 billion from him.
Rajiv and the father Dr sudhir Ruparelia celebrate the victory
Bank of Uganda (BoU) /Crane Bank in Receivership sued Sudhir Ruparelia and Meera Investments Limited of allegedly fleecing the defunct Crane Bank Limited (CBL) of Shs397 billion that the central bank wants refunded.
But Justice David Wangutusi maintained today that BoU/Crane Bank (in receivership) did not have a legal basis to sue Sudhir.
Court ordered the central bank to pay Sudhir’s legal costs,the ruling was read by the commercial court registrar Festo Nsenga.
Speaking upon the victory, Sudir Ruparelia has noted that all mafias who involved in the sell of crane bank will pay for it..