Sudhir News

Kasaija blames Crane Bank closure on Sudhir

Finance minister Matia Kasaija says he had advised Crane Bank proprietor Sudhir Ruparelia to sell some of his property to recapitalise the bank but the latter refused.

Daily Monitor , Uganda Feb 11, 2019

Chameleone’s DNA Lounge runs dry on liquor as Sudhir’s son Rajiv orders open bar

Socialite Judith Heard has launched her organisation dubbed “Day One Global” aimed at offering a safe space to rape and sexual assault victims to share their stories.

Big Eye , Uganda Feb 9, 2019

Sudhir was fed up of Crane bank - Kasaija

Finance minister Matia Kasaija has revealed that the former owner of defunct Crane bank, Sudhir Ruparelia confided in him that he was fed-up with the financial institution, prior to its takeover by the central bank in 2016.

The Observer , Uganda Feb 9, 2019

Former Crane Bank board chair accuses BOU of frustrating investors

Biribonwa on Wednesday appeared with the former Crane Bank owner Sudhir Ruparelia before Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that is inquiring into the closure and sale of seven commercial banks between 1993 and 2016.

The Independent , Uganda Feb 7, 2019

I was coerced to buy National Bank of Commerce – Sudhir

Kampala, Uganda | THE INDEPENDENT | Businessman Sudhir Ruparelia says he was forced to acquire National Bank of Commerce (NBC), days after it was closed by the Bank of Uganda.

The Independent , Uganda Feb 7, 2019

Crane Bank closure: Sudhir wants Shs584b from BoU

Mr Sudhir Ruparelia, the former owner of the closed Crane Bank, has said the bank’s former shareholders want their Shs584b which he says Bank of Uganda (BoU) is holding illegally since the closure and takeover of the commercial bank.

Daily Monitor , Uganda Feb 7, 2019

Bagyenda forced us to buy Mbabazi bank, says Sudhir

He told the MPs that Crane Bank paid Shs1.2b to buy deposits, treasury bills and non-performing loans from NBC.

Daily Monitor , Uganda Feb 7, 2019

SUDHIR: Crane Bank sale was fraudulent

Kampala, Uganda | THE INDEPENDENT | The agreement for the sale of Crane bank to DFCU was shoddy and fraudulent, Former Crane Bank owner, Sudhir Ruparelia has told the ongoing Bank of Uganda probe.

The Independent , Uganda Feb 6, 2019

Sudhir, lawyer sue each other over Entebbe hotel site

A legal battle has ensued between veteran lawyer Dr Peter Musoke Gukiina and property mogul Sudhir Ruparelia over the ownership of a piece of land adjacent to Ssese Gateway Beach in Entebbe where the businessman wants to construct a multi-billion hotel.

Daily Monitor , Uganda Feb 1, 2019

Sudhir now takes over Ssese Gateway Beach

The Ruperalia Group chairman, Mr Sudhir Ruparelia, will in July start the construction of the $100m (Shs366b) establishment that will have hotel rooms, conference and conversion centres at Katinda, on Kampala-Entebbe Road, about 30km from the capital.

Daily Monitor , Uganda Jan 30, 2019