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Home / Featured / Affter Crane Bank, Bank of Uganda closes Tycoon Sudhir Ruparelia’s Forex Bureaus. Who did he Annoy?

Affter Crane Bank, Bank of Uganda closes Tycoon Sudhir Ruparelia’s Forex Bureaus. Who did he Annoy?

Sudhir Ruparelia Introducing his son Rajiv to guests at an event

Whoever Tycoon Sudhir Ruparelia pissed off, will not rest until the businessman has been completely bankrupted and brought to his knees.

Bank of Uganda governor Emmanuel Mutebile

Just a few months after a rumour started on WhatsApp brought down the 300 Million dollar Crane Bank the crown jewel in his Business empire. They have come for the company that started it all. Uganda’s oldest forex Bureau Crane Forex Bureau, Redfox Bureau De change and Karibu forex Bureau

Sudhir with President Museveni

We have not got an explanation on why Crane Forex Bureau’s license was not renewed, but according to his story, Sudhir says Crane forex Bureau profits are what helped him to start Crane Bank and the rest of his Business empire and if he has lost its license, he has lost his roots.

The forex might also have lost its license because it was owned by  Crane Bank in a new corporate structure.

Sudhir Ruparelia opens a new building on Kampala Road

But who is coming after him, that is a question we can only speculate about, however, there are pointers and our ongoing investigations into the transitions and the construction spree will tell us why Sudhir was in a rush to put his money in real estate.

For now, he will only have stanhope forex Bureau.

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