Business

Fate is sorting the mafias out of Uganda

By Drone Reporter 
At last Bank of Uganda has saved billions in court costs. According to documents circulating around, Sudhir Ruparelia has withdrawn  the case he had filed against the central bank.
You will agree that this was a bad case from the start, it was clear that Crane Bank in receivership couldn’t have  sued!  Lawyers simply didn’t advise accordingly. However, this has come at a time when another lawyer is sponsoring fake narratives against Sudhir.

Meanwhile, another self-styled tycoon, Hamis Kigundu is sad and seeing blue.  The Grade 1 Magistrate, H/W Tuhimbise Valerian, withdrew criminal summons he issued against His Highness the Aga Khan Prince Karim Al-Husayn Shah, Nasim Mohammed Devji, Varghese Thambi and John Sitakange after DTB (U) lawyers K&K Advocates faulted the move and argued that the matters in question are already before the High Court and the Supreme Court and that the summons were issued without full knowledge of the relevant facts.

While withdrawing the summons in a letter dated September 15 2021 to Hamis Kiggundu, the complainant, the Grade 1 Magistrate said “The Director of Public Prosecution (DPP) has pursuant to article 120 (3) (b) of the Constitution of the Republic of Uganda taken over criminal proceedings on this matter wherein you are the complainant”. In the letter from the DPP to Hamis Kiggundu, he has been directed to  give all reasonable information pertaining the proceedings and furnish all documents in his possession or under his control to the DPP.

The Summons issued by the Buganda Road Chief Magistrates Court on September 14 2021 come in the wake of the ruling by Court of Appeal on 5th May 2021, quashing an earlier ruling by the High Court that awarded Hamis Kiggundu damages.

DTB had filed an appeal against this ruling arguing that the businessman had on various occasions, borrowed money from DTB Uganda and DTB Kenya and had defaulted on the loan repayments even after frequent reminders to meet his obligations.

That is how fate has sorted the two key suspects in mafiarism in Uganda.