Today DFCU Bank started exiting properties that belonged to Sudhir’s daughter Meera Rupaleria of the Meera Investment Limited (MIL), avoiding a potentially bruising legal battle which could have cost them billions. DFCU removed their property from Plot 40 Kampala Road, today morning.
Meera Investments had sued the bank over unpaid rent totaling to billions of shillings. DFCU controversially took over the properties after it acquired Crane Bank in January 2017.
In a notice issued by the bank, it said it was relocating to a nearby building. It asked its customers to be patient as it puts its house in order.
Last year, DFCU Bank sought the services of a consultant to help them come up with a relocation plan from 22 properties that belong to Meera Investments.