Sudhir vs. dfcu Bank: London appellate court orders dfcu and its former managers to pay UGX8.8 bn in costs

A London Court of Appeal has ordered dfcu Bank, its holding company, dfcu Limited, as well as dfcu Bank’s former board chairman, Jimmy Mugerwa (now dfcu Limited Chairman), Juma Kisaame and William Sekabembe, the bank’s former Managing Director and Executive Director respectively, to pay shareholders of the former Crane Bank Limited (CBL), ￡1,875,000 (UGX8.8 billion) in court costs. This follows the appellate court’s ruling that there are “serious issues to be tried” in a case the former Crane Bank Limited shareholders⏤ Dr. Sudhir Ruparelia, Jyotsna Ruparelia, Meera Ruparelia, Rajiv Ruparelia, Tom Mugenga and Sheena Ruparelia brought against dfcu Bank, for…