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Stop peddling lies- Sudhir’s lawyers hit back at BoU
Jul 3, 2020
Kampala Associated Advocates (KAA), one of Kampala’s top law firms representing property mogul, Dr Sudhir Ruparelia, has strongly come out to deny the claims raised by Bank of Uganda (BoU), following a victorious decision rendered by the Court of Appeal in favour of the businessman recently.
The lawyers branded BoU’ s wild allegations contained in their June 30 press statement as “inaccurate”.
To that effect, KAA has appealed to the central bank to appeal to the final court in the land (Supreme Court) if it’s aggrieved rather than resorting to taking its bitterness to the media and criticizing the courts of law.
About a fortnight ago, the Court of Appeal in a unanimous verdict, dismissed the Shs397b appeal by BoU that it had filed against Dr Ruparelia.
The three justices led by Acting Chief Justice Alfonse Owiny Dollo, were in agreement with the Commercial Court that once Crank Bank went into recievership, it lost it’s capacity under the Financial Institutions Act, to sue the property mogul because it had become a non-existent entity.
“Bank of Uganda should not be allowed to disrespect the courts when it is the one that went to the courts to seek redress in the first place. If they are unhappy with the decision of the court, the legal remedy is to file an appeal and not to criticise the court in the press,” Dr Ruparelia’s lawyers wrote in their July 2 rebutal letter.
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