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Crane Bank Saga: Tycoon Kirumira Threatens to Sue Vision Group

Godfrey Kirumira
Kirumira (C) has threatened to take Vision Group to court

Prominent businessman Godfrey Kirumira is dragging the Vision Group to court for alleged defamation, Chimp Corps report.

This was after the media house’s newspapers, New Vision and Bukedde alleged that Kirumira was among former Crane Bank proprietor Sudhir Ruparelia’s associates named in the alleged fraud at the financial institution.

Bank of Uganda recently took Sudhir to the Commercial Court on allegations of causing fraud at the bank estimated at $92m.

Sudhir is yet to file a response to the accusations leveled against him but his lawyers have vowed to put up a solid defence.

The case has triggered a public outcry with the public wondering why the Central Bank which regulates the financial institutions’ operations didn’t detect the alleged fraud.

BoU officials said they could not comment on a case before the courts of law.

ChimpReports has seen an ‘intention to sue’ letter sent to New Vision in which Kirumira’s lawyers, Tumusiime, Kabega & Co Advocates say the published articles linking the businessman to the Crane Bank saga were “false” and caused him “embarrassment” and “anxiety”.

The city businessman says he was never a shareholder or director in the Crane Bank and was not in his business dealings involved in any “fraudulent transactions.”

Kirumira, according to the law firm, is not mentioned in the suit against Sudhir at the Commercial Court in Kampala.

Kirumira’s lawyers further state that the stories have “caused him to be shunned in society” and has also “hurt his business.”

The lawyers has since demanded from Vision Group an “immediate retraction” of the articles and an “apology” by Saturday July 15, 2017 or face legal action.

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