BoU ready to spend shs.110b Taxpayer’s Cash as Costs Appealing loss to Sudhir over Crane bank case

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Bank of Uganda is determined to cost Ugandans more shs 79 billion in its attempt to appeal a commercial litigation against property mogul Sudhir Ruparelia having lost at the beginning of the week in a commercial court and ordered to pay legal costs amounting to shs 39 billion. In this court battle it’s the taxpayers who lose because Bank of Uganda uses money generated from the taxes paid by the citizens. Last Monday, the head of Commercial Court Justice David K Wangutusi threw out a case in which Bank of…

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