The office of The Directorate of Public Prosecution (DPP) has revealed that they have no evidence to slap criminal charges against business mogul Sudhir Ruparelia.
The DPP’s head of the Public Relations and International Cooperation Department, Jane Akuo told media that there are no preferred charges because what they “received is just a complaint about mismanagement of the bank.”
“That is what is being considered right now. It is a bit premature to start talking about charges now. It is very wrong because the office of the DPP doesn’t prefer charges on a matter that has not been investigated by police,” Akuo said.
She added that DPP doesn’t sanction a file that he has not analysed and also seen its evidence, “but again as I have said it is premature to go beyond that.”
Earlier reports indicated that the Central Bank had asked DPP to begin criminal proceeding.
Bank of Uganda not so long ago sued Sudhir on grounds that he caused a financial loss amounting to shs 300b to defunct Crane Bank before it was sold to DFCU Bank in January.
Police Chief Gen Kale Kayihura also distanced himself that police is investigating the affluent businessman.
“We have not received any complaint (about him), at least as far as I know,” Kayihura said.
Bank of Uganda is however in the spotlight for failing to supervise Crane Bank before it collapsed. This has attracted a lawsuit in Commercial Bank by a concerned citizen who accuses BoU of negligence.
Tycoon Amos Nzeyi yesterday threw a spanner in the works when he dragged BoU and Sudhir to court challenging the manner in which Crane Bank took over his Bank National Bank of Commerce (NBC) in 2012 on directives of the Central Bank.
