Ever since Uganda's richest man filed his defense, BoU is like a bull that has just lost its head!
The central Bank had put a lot of allegations against the Ruparelia group of companies boss but as it looks now the hunter is becoming the hunted. The case has been allocated for mediation and if the two parties fail to reach a settlement at this stage, they will battle out in Court.
The mediation in this matter, shall be under watch of Harriet Magala, the head of mediators in the commercial court. The mediation process, is another indication that Sudhir is at the forefront of victory in this case,as he will be free to lay his proposal and terms of payment (if any). The mediation process, shall cut off the media from persecuting of Sudhir as it had become a song of sorts especially by Vision Group. New Vision had convicted one of Uganda's employers (Sudhir) in the public eye in the recent past with its baseless, concocted and biased stories. It's also a platform to make Sudhir stand and make his point away from the barrage of lawyers that crossed from his side and chose to represent BoU yet they had worked for him which a conflict of interest on their part.
Like we promised, we are keeping our eye on this matter until its conclusion.
By Ben Magezi