City tycoon Sudhir Ruparelia accuses BOU new lawyers for conflict of interest drags them to court

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Businessman Sudhir Ruparelia has dragged the new lawyers of Bank of Uganda to court, accusing them of conflict of interest.

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Ruparelia, in a suit filed on Tuesday at the commercial division of the High Court, claims that Sebalu and Lule Advocates should not be representing Bank of Uganda and dfcu Bank since it has already represented Crane Management Services that owned Crane Bank which was sold to dfcu.

Crane Management Services sued dfcu bank demanding rental arrears amounting to Shs2.9b and $385,728.54 in respect of tenancies of suit properties that were formally owned by Crane Bank.

“In view of the advocate-client relationship between the applicant (Crane Management Services Ltd) and the 1st respondent (Sebalu & Lule advocates), the latter’s continued participation as defence counsel for the 2nd respondent (Dfcu bank) herein, which is the defendant in High Court Civil Suit (HCCS) No. 109/2018 against the applicant/plaintiff, is prejudicial to the applicant’s head suit,” the petition reads in part.

The petitioner who is sudhir now wants the court to issue a permanent injunction, restraining Sebalu & Lule Advocates from appearing as defence counsel for dfcu bank in the other court case that the two principals are battling out.

It’s noted that crane bank lost it’s assets to dfcu bank in 2017, where the bank if Uganda sold it out after crane bank having numerous debts.

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