Tycoon Sudhir Ruparelia and Crane Bank saga has taken a new twist. A concerned citizen has expressed interest and is threatening to take Bank of Uganda to court over negligence and probably conniving with Sudhir to con fellow Ugandans. Mr Derrick Nsereko believes that some top bank officials were involved in fraud and corruption that reigned at Crane Bank.
Nsereko has hired a city law firm in the names of Kashilingi Rugaba and Associates to legally pursue the central bank. He seems so determined to take over the central bank until the truth comes out
The Crane Bank issue started with BOU putting it under receivership on October 20, 2016, and transferring its assets and liabilities to DFCU in January this year. At the beginning of this week, news broke that BoU was suing former Crane Bank owner Sudhir Ruparelia and his Meera Investments to return Shs400bn which they claim was syphoned out of the bank while it was still under their control.
A document allegedly released by Mr Derrick lawyers has been going viral on different platforms on social media explaining why he pins the Central Bank’s top officials in corruption and incompetence scandals.
