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BOU Pays Sh13b Legal Fees for Sudhir Case

Written by  Jul 15, 2017

Information reaching us right now is Bank of Uganda (BOU) entered into agreement with MMAKS Advocates to pay Sh13b as legal fees in a case filed last week at the Commercial Court,

a division of the High Court against the former proprietor of Crane Bank, tycoon Sudhir Ruperalia.

A Copy of the memorandum we have seen indicate that Sh2.1b has already been advanced to MMAKS and was in respect of initial filing fees!

An insider from BOU legal department intimated to us that the internal legal department are of the opinion that the probability of success is of this case is low but Justin Bagyenda and MMAKS have had their way. Not only do they think they will not win the case, but it will reveal internal weaknesses inside BOU.

An undisclosed source has further revealed to us that Sh13b legal fees will be shared between Ms. Justin Bagyenda, the soon to retire Executive Director in charge of supervisor at BOU and the external lawyers headed by Masembe Timothy of MMAKS Advocates.

The Masembes are the owners of village mall. Those of you who shop from there see what taxpayers can do.

They are not taking Sudhir to court to secure victory but to share a loot.

Last modified on Saturday, 15 July 2017 12:21
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