gaziantep escort,escort bayan,beylikdüzü escort,
alanya escort,gaziantep escort
On October 24th 2023 the High Court in Kampala ruled that dfcu Bank illegally transferred to itself, 48 properties that Crane Bank had leased from Meera Investments before the seizure. Meera belongs to Dr. Sudhir Ruparelia, Crane Bank’s second-largest shareholder at the time. Court has now ordered dfcu to pay UGX2.4 billion to Meera Investments over and above repairing and restoring all the 48 properties into tenantable position. But that’s not all, the Bank of Uganda has since lost the Court battle against the businessman and is now facing hundreds of billions in costs and damages, and the entire transaction…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Fresh from securing an English appellate court order that dfcu Bank, its former management and directors, must answer claims that they participated in corruption and bribery of Central Bank officials so as to buy the former Crane Bank on the cheap, shareholders of the now closed Crane Bank have welcomed the ruling and vowed to pursue their search for justice in English courts. In a media statement released on Friday, 28th July 2023, Crane Bank shareholders said they were “delighted with the judgment of the Court of Appeal, which vindicates their position” that “their claim for hundreds of millions of…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Minutes after legally slaying Bank of Uganda, for the nth time, but this time for good, Dr. Sudhir Ruparelia, has hit at certain officials of the central bank for stealing his bank, unnecessarily dragging him to court and prolonging the case for selfish gains. “These people stole my bank. They shared the legal fees in Bank of Uganda,” a bullish Dr. Sudhir charged. “In my opinion- the legal department of the Central Bank has become so corrupt, that they prolong these cases so that when they pay their lawyers the high fees, they share the fees. And that is why…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
The wheels of justice turn slowly, but grind exceedingly fine, Bank of Uganda has sadly learnt, albeit too late. This is after pouring several billions of taxpayer money, down the pockets of several of its highly billed external law firms, in what would eventually amount to putting good money after bad money. But let us rewind the clock first, back to 2016. The Central Bank, on 20th October 2016, at the command of the then Deputy Governor, Dr Louis Kasekende and Director of Commercial Bank Supervision, Justine Bagyenda, in the exercise of their statutory powers, seized Crane Bank, at the…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Just weeks after Bank of Uganda withdrew its UGX397 billion Supreme Court case against Dr. Sudhir Ruparelia and his Meera Investments Limited, today the Supreme Court handed the central bank, yet another defeat by dismissing its attempts to enter Crane Bank into liquidation. In a judgement made today, the Supreme Court ruled that Crane Bank (Under Receivership) was no longer a financial institution and therefore was outside the jurisdiction of the central bank. “The 1st respondent was closed as a financial institution and placed under receivership. Upon closure, it ceased being a financial institution under the Act (Financial Institutions Act…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Yesterday, 12th August 2021, five Supreme Court Justices unanimously dealt a death blow to Bank of Uganda’s legal strategy, that if successful, would have reversed the several losses the Central Bank has suffered at the hands of businessman Dr Sudhir Ruparelia and his Meera Investments Ltd. The 5 justices, Rubby Opio-Aweri, Faith Mwondha, Dr Lillian Tibatemwa, Ezekiel Muhanguzi and Percy Night Tuhaise in unison dismissed BoU’s bid to substitute Crane Bank (In Receivership) with Crane Bank (In Liquidation), a move the justices said would fundamentally alter the facts the case and deny both Dr. Sudhir and Meera a chance at…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Court of Appeal Justices, Alphonse Owiny Dollo; Cheborion Barishaki and Stephen Musota have today agreed with earlier ruling by Commercial Court Judge, Hon Mr. Justice David K. Wangutusi’s August 26th 2019 that a bank in receivership, under the Financial Institutions Act (2004) cannot sue or be sued and therefore and therefore Crane Bank (in receivership) cannot and should not have sued businessman Dr. Sudhir Ruparelia and his company Meera Investments. Delivering their ruling today, Civil Appeal 252 of 2019 at the Court of Appeal, the trio also ruled that Crane Bank (in receivership) being a foreign owned bank, cannot own…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
beylikdüzü escort
beylikdüzü escort
