Dr Sudhir Ruparelia defeats BoU in 397billion shillings case

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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…

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COSASE summons Mutebile to Answer Queries of loss of Property during the closure of Seven Commercial banks.

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The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has summoned the Central Bank Governor, Emmanuel Tumusiime Mutebile, to answer queries of loss of property during the closure of seven commercial banks. The summons follow the failure by the Governor to appear before the Committee on three occasions. Mutebile was invited to appear before the committee to answer queries of the loss of properties by some individuals during the closure of seven commercial banks. The banks that were closed between 1993 and 2016 include Teefe Trust Bank, International…

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Kabira Country Club To Add Luxury Apartments

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By Our Reporter Construction of fully furnished and serviced apartments by Kabira Country Club commenced early this month with a ground breaking ceremony. Dr. Sudhir Ruparelia, the proprietor of Kabira Country Club, told that the 269 serviced apartments located on Old Kira Road, just next to Kabira Country Club, are targeting corporate, leisure and family travelers for both short and long stays. “These will be fully furnished and serviced apartments built to British standards. They will have a fully fitted modern kitchen, double glazed sound proof windows, LED flat screen…

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Electrical Plaza To Address Rental Needs Of SMEs In Kampala

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By Our Reporter Meera Investments, the real estate arm of Ruparelia Group, will soon unveil a new commercial property in the heart of Uganda’s capital Kampala. Electrical Plaza, located between Market Street and Kiyembe Lane, downtown Kampala, will have 220 shops, 56 apartments and two floors of parking. The structure will cover a total area of 26,469.1m² place centrale. According to Crane Management Services, another subsidiary of the Ruparelia Group, also the property managers of Electrical Plaza, the property is designed to support the needs of retailers and wholesalers. Under…

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SUDHIR TO KADAGA : Businessman Sudhir Requires Speaker of Parliament and COSASE to Explain why his Plot 24 Kampala Road Property was Dragged

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By Our reporter  City tycoon and businessman-Sudhir Ruparelia has petitioned the Speaker of Parliament Rebecca Kadaga inquiry why parliament’s oversight committee, Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) dragged his property on plot 24, Kampala Road among the disputed properties belonging to Custodian Board. “We have followed part of the ongoing COSASE inquiry regarding Departed Asians properties Custodian through televised and print media. A property that belongs to Meera Investment Limited has been mentioned as part of the inquiry” Mr Sudhir asks in his August 14, 2019 letter…

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Inside DFCU’s Top management Scandalous work Relations and why CEO Mathias Katamba could Be Headed for Job at Mapeera’s Headquartered Centenary

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By Daniels N. Tatya As you read this, Mathias Katamba could be finalising sorting his books of accounts and winding up work at the DFCU as its CEO and contemplating a placement at Centenary Bank. The reason he is leaving is such poor working relationships with fellow managers at the financial institution that he joined officially on January 2, 2019, following the departure of Juma Kisaame. Just like his predecessor, Katamba’s has not been a bed of roses working in that office. Kisaame left because of his allegedly inappropriate leadership…

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MUGERWA TULLOW OIL DOOM: Why Jimmy Mugerwa Won’t Survive another Sacking from DFCU Bank

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Jimmy Mugerwa job security at the DFCU Bank is looming just days after his Tullow Oil bosses acronymous swang a sharp axe at him. Replaced by female Lawyer, Mariam Nampeera, the embattled former Tullow Boss (Mugerwa) must be fighting to retain his job at the financial institution (DFCU) and all signs point to one thing, just let the man be sacked. From our in house expert opinion and focus, Mugerwa is on his way to exiting the bank. Here is how. With a career spanning over 25 years in the…

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Perfection with Confortabillity as CMC launches Ford Ecosport SUV

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  The Cooper Motor Corporation (CMC), the exclusive distributor for Ford in Uganda, has unveiled the new Ford EcoSportm compact Sports Utility Vehicle (SUV) that will accord its drivers more style, comfort, capability, and choice. According to Herman Mbalasi, the Country Manager CMC this will be possible as the new mid-range SUV blends rugged SUV functionality with city car practicality thus making the car more appealing and competitive than ever. Featuring enhanced dynamic, rugged and refined exterior styling, the new EcoSport reflects the latest design cues of Ford’s larger SUV…

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Time boom :How Conflicted City Lawyers Sebalu & Lule Misled DFCU to Illegally Transfer Meera investiments Properties

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DFCU bank is yet again in spotlight after it emerged that the bank was misled by city Law firm Sebalu & Lule Advocates to illegally transfer title properties that belong to former Crane Bank Ltd landlord Meera Investment Ltd. According to a leaked dossier, the Sebalu & Lule Advocates who were recently barred by the High Court from representing the same bank against city tycoon Sudhir Ruparelia for being conflicted misled the dfcu Bank to transfer leasehold titles from Crane Bank Ltd during the controversial takeover two years ago. In…

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OPINION: Defunct banks scandal: Re-examination of closed banks should not be selective

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We are yet to get over the menace that was evidently created by the Bank of Uganda (BoU) in the illegal closure and sale of seven commercial banks between 1993 and 2017. These commercial banks are; Teefe, Uganda Cooperative Union, Global Trust, Crane Bank, National Bank of Commerce and Greenland bank. In this illegal exercise, the central bank under the stewardship of ‘highly trained and experienced’ men and women presided over the most atrocious economic malpractices which depleted many people of their assets,monies,jobs to mention but a few. The most…

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