• Contact Us
  • About Us
  • Advertise
  • Donate
  • Login
Watchdog Uganda
Advertisement
  • Home
  • News
    • National
    • Politics
    • World News
    • Africa News
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
    • Travel
  • Entertainment
    • Lifestyle
    • Showbiz
      • Salon Mag
  • People
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Africa News
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
    • Travel
  • Entertainment
    • Lifestyle
    • Showbiz
      • Salon Mag
  • People
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate
No Result
View All Result
Watchdog Uganda
No Result
View All Result

Bank of Uganda takes over Sudhir’s Hardware City

Mulema Najib by Mulema Najib
6 years ago
in News
1 0

Warning: Trying to access array offset on value of type bool in /home/90/81/2028190/web/wp-content/themes/jnews/class/Image/ImageNormalLoad.php on line 70

Warning: Trying to access array offset on value of type bool in /home/90/81/2028190/web/wp-content/themes/jnews/class/Image/ImageNormalLoad.php on line 73
ShareTweetSendShare

By Najibu Mulema

It seems all is not well for Uganda’s largest business mogul Sudhir Ruparelia as financial recession continues to suppress the now sad tycoon.

The exclusive information reaching our desk indicates that Bank of Uganda has again taken over Sudhir’s multi-billion Hardware City building in Nakasero.

Last year, the same central bank took over tycoon’s Crane Bank claiming that the institution was undercapitalized. Later his bank was sold to DFCU.

Watchdog has learnt that this is just the beginning; many assets belonging to Ruparelia Group chairman are on verge of being seized by government since its alleged that the state demands him over shs500 billion.

Early last week Sudhir cried foul as he cursed state sponsored businessmen for spreading dangerous messages about him and ganging up to take his remaining assets through using all sought of threats like imprisoning his children, take his marital home among others.

 


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com

ShareTweetSendShare

Related Posts

The cows donated by President Museveni
Agriculture

Museveni donates 31 heifers to single parish in Mukono, promises to add them more cows, goats, pigs

10th June 2023 at 22:39
UNRA Executive Director Allen Kagina
National

UNRA, Chinese contractor on spot over construction delays ahead of mega international conferences in Kampala

10th June 2023 at 20:15
National

Rukungiri: Man kills wife out of shame after defiling biological daughter 

10th June 2023 at 08:56
Next Post

FDC contradicts as it sends Ekwau, Turinawe to parliament as EALA candidates

Popular Stories

  • Amb. FRANCIS NKUUSA: Museveni Says Goodbye, Muhoozi’s Veiled Endorsement! Kyankwanzi Retreate Through The Lenses of The Wise Man

    30 shares
    Share 12 Tweet 8
  • Inside the NRM Parliamentary Caucus resolutions at Kyankwanzi

    21 shares
    Share 8 Tweet 5
  • “Attorney General Kiwanuka and Karugire are after my life” – Tycoon Ham cries out

    19 shares
    Share 8 Tweet 5
  • One at Namugongo Martyrs And Another In a Shrine! Tycoon Samona’s Underfire Wife Shockingly Reveals How She Sired The Two Children Outside Marriage

    15 shares
    Share 6 Tweet 4
  • ALDRINE NSUBUGA SNR: Why Kuluthum and her husband Acram will end up as pitiful losers in their battle against Bad Black

    31 shares
    Share 12 Tweet 8
Facebook Twitter

Contact Information

Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

Plot 23, Yusuf Lule Road
PO Box 7661 Kampala, Uganda
Office Line: +256 777 286 815
Email: editorial@watchdoguganda.com
To Advertise:Click here

Follow Us on Twitter

Tweets by watchdogug

Follow Us on Facebook

© 2023 Watchdog Uganda

No Result
View All Result
  • Home
  • News
    • National
    • Politics
    • World News
    • Africa News
    • Community News
    • Luganda
    • Sports
      • Football
      • Motorsport
  • Op-Ed
    • #Out2Lunch
    • Conversations with
    • Politics
    • Relationships
  • Business
    • Agriculture
    • CEOs & Entrepreneurs,
    • Companies
    • Finance
    • Products
    • RealEstate
    • Technology
    • Travel
  • Entertainment
    • Lifestyle
    • Showbiz
      • Salon Mag
  • People
  • Special Report
    • Education
    • Voices
  • Reviews
    • Products
    • Events
    • Hotels
    • Restaurants
    • Places
  • WD-TV
  • Donate

© 2023 Watchdog Uganda

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In