Court awards Sudhir Shs 1 billion over closure of Crane Bank

Our Reporter1 week ago6 days ago02 mins

The Supreme Court has ordered Bank of Uganda to pay businessman Sudhir Ruparelia and his firm Meera Investments Ltd Shs 1 billion as legal costs in their long-running dispute over the closure of Crane Bank. The conflict began in 2016 when the Bank of Uganda placed Crane Bank under receivership due to financial irregularities. In…

A tale of a bank, it’s loyal client, and a broken agreement

Our Reporter2 months ago1 month ago14 mins

Once upon a time in Kampala, Uganda there was a bank called Commercial Bank of Africa (CBA) and a company named Kare Distribution Ltd. They had done business together, involving loans and accounts, but things went sour. In 2018, they ended up in a lower court to sort out their disagreement. Instead of fighting it…

Chief Editor

Larry Pali

Tag: Bank of Uganda

Court awards Sudhir Shs 1 billion over closure of Crane Bank

A tale of a bank, it’s loyal client, and a broken agreement