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TodayTuesday, May 05, 2026

BoU vs Sudhir

Having severally defeated Bank of Uganda in court over the seizure of his bank in 2016, billionaire businessman Dr. Sudhir Ruparelia has now taken the battle to dfcu Bank, the buyer and main beneficiary from the impugned transaction.

Billionaire Dr. Sudhir laughs last, as dfcu Bank is ordered to vacate and repair his 48 properties and compensate him UGX2.4 billion 

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
November 7, 2023
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Following a lengthy court process that exposed both the incompetence of the legal team at the central bank and the massive flaws within its regulatory practices especially in the way several banks were taken over, closed and sold, under Mutebile’s watch or lack thereof, the central bank’s much publicised case against the billionaire businessman has crumbled like a pack of cards. It remains to be seen how much more the central bank will lose in terms of legal costs.

FINITO: BoU case against Dr. Sudhir Ruparelia suffers its worst defeat as Supreme Court declares move to liquidate Crane Bank (In Receivership) illegal

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
October 4, 2021
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Businessman Sudhir Ruparelia (centre) together with his son Rajiv Ruparelia and KAA lawyers at the Court of Appeal in Kampala after his second-round Court of Appeal win. KAA has appealed to Bank of Uganda to go to Supreme Court if they are disatisfied with the Court of Appeal ruling insead of making false and inaccurate statements in the media.

BoU loses Court of Appeal UGX397bn case against Dr. Sudhir; could face lawsuit of up to UGX600 billion

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
June 23, 2020

 

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