By Namugerwa Martha
The head of public relations and international cooperation department at Directorate of Public Prosecution (DPP) Jane Akuo has dismissed media reports that they are considering pressing criminal charges against Sudhir Ruparelia due to his role in the collapse of Crane Bank Ltd, a bank he founded in 1995.
While talking to the media yesterday, Akuo said that there are no preferred charges because what they received was a criminal complaint about the mismanagement of Crane Bank and that is what is being considered now.
“It is a bit premature to start talking about charges at this point, the Office of the DPP does not prefer charges on a matter that has not been investigated by police, on a matter that it has not analysed or looked at evidence,” Akuo said.
She added that she was responding to media reports that claimed that Bank of Uganda (BoU), which sanctioned a High Court suit against Sudhir for allegedly siphoning money from Crane Bank, asked the DPP to “kick-start criminal proceedings against Sudhir for alleged fraud,” unless he returned the money.
BoU wants Sudhir compelled to return Shs397bn, which he allegedly ‘extracted’ from Crane Bank, as well as the bank’s land titles that he transferred to his other company, Meera Investments Ltd.