Tycoon Sudhir Celebrates Flooring BoU  With Massive Feast

Tycoon Sudhir Celebrates Flooring BoU With Massive Feast

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By Our Reporter

City tycoon Sudhir Ruparelia is in a jovial mood after flooring Bank of Uganda in case it had filed against him, alleging that he siphoned Ssh397Bn from Crane Bank, before it was closed down in 2016.

SpyUganda.com CEO Andrew Irumba with tycoon Sudhir Ruparelia
Andrew Irumba,one of the friends that attended the Champaign with tycoon Sudhir Ruparelia on Monday

Bank of Uganda, acting on behalf of Crane Bank,  dragged   Sudhir and others to court in 2017, purportedly to recover Shs397 they has pocketed from Crane Bank under shady deals.

Rajiv Ruparelia giving a speech
Rajiv Ruparelia giving a speech

However, Sudhir vehemently refuted the BoU allegations and after a lengthy battle, the High Court Commercial Division acquitted him of  the charges.

Justice David Wangutusi ruled on Tuesday  that Crane Bank (Under Receivership) had no capacity to sue. He thus dismissed the case and ordered the Central Bank to compensate Sudhir, on top of burdening the legal costs.

Tamale Mirundi fired up guests
Former presedential press secretary Joseph Tamale Mirundi and Frank Gashumba fired up guests

Spy Uganda can reveal that later in the day after the court victory, Sudhir and his son Rajiv Ruparelia hosted their friends to a sumptuous feast and Champagne at Speke Appartments on Wampewo avenue opp.Hotel Africana to share a toast.

Irumba greets Eagle Online’s Managing Editor Richard Wanambwa on arrival.

Our Spies who were at the feast reveal that several notable Ugandans ate and drunk to their fill till late in the night when one by one, they retired to their places of abode. Among the notable Ugandans who were at Sudhir’s feast was political analyst Tamale Mirundi, social activist Frank Gashumba, mortar mouthed veteran Journalist Andrew Mwenda among others.

Sudhir amd his guests at the feast
Sudhir amd his guests at the feast

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