Sudhir Ruparelia
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categoryFinance
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Views231
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Reviews21
Sudhir Ruparelia
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categoryFinance
-
Views231
-
Reviews21
2.4
trust score
2.1
brand audit
2.02
user’s score
21
user reviews
High risk
| NameSudhir Ruparelia | GenderMale | X (Twitter)@SudhirRuparelia | Linkedin@SudhirRuparelia |
| ProfessionBusiness | Faced LawsuitNo | Related Industry #1Commercial Bank | Related Industry #2Hotels |
| Related Industry #3Clubs | Related Industry #4Commercial Properties | Accused of Financial MisbehaviorYes | Accused of Money LaunderingYes |
| Accused of Insider LendingYes | Accused of Legal ConflictsYes | Accused of ScamYes | Featured in the NewsYes |
An overview on Sudhir Ruparelia
Sudhir Ruparelia is a business magnate and investor from Uganda who was born on January 17, 1956. In the Ruparelia Group enterprises, he serves as chairman and is the largest stakeholder. His primary investment interests are in banking, insurance, real estate, media, education, hotels, and resorts. Ruparelia, whose estimated net worth is US$1.2 billion, is the richest person in Uganda and among the wealthiest investors on the Uganda Securities Exchange, according to Forbes and other sources.- Highly experienced
- Involved in Money Laundering
- Involved in Insider Lending
- Misbehaved with many peoples
- Involved in Scam
Sudhir Ruparelia has a consumer rating of 2.02 stars from 21 consumer complaints and reviews indicating that most customers are NOT satisfied with their experience. Consumers unhappy with Sudhir Ruparelia most frequently mention bad support and high costs.
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critical intel on Sudhir Ruparelia
Alleged Cyber War against Bank of Uganda
According to reports, amid the ongoing dispute between Sudhir Ruparelia and Bank of Uganda (BOU), Sudhir and his family have used cyberwarfare and MP manipulation to malign BOU personnel. They are also said to have attacked people and media organizations that disseminate material that conflicts with their agenda, like The Drone Media and its reporter Pidson Kareire. Following BOU’s acquisition of Crane Bank, Sudhir and his family were accused of financial misbehavior, including money laundering and insider lending. President Yoweri Museveni disregarded Sudhir and his son Rajiv during a meeting with Indian community leaders, despite their best attempts to change popular opinion, including trying to get recognition from Museveni himself. Further isolating Sudhir from the Indian community in Uganda was his purported attempt to blackmail the Indian embassy into lodging arrangements for Indian Prime Minister Modi’s visit. Sudhir feels more and more alone and watched, both at home and in the Indian community, as hostilities rise.
| First PostedNovember 28, 2018 | Accused of Financial MisbehaviorYes | Allegations of Money LaunderingYes | Involved in Insider LendingYes |
| TypeNews Report | Sentimental analysisNegative | Brand Impact Low | SERP>10 |
Top 3 negative keyword association :
- Money Laundering
- Insider Lending
- Financial Misbehavior
Fraud Allegations Against Sudhir Ruparelia
Bank of Uganda Governor Emmanuel Tumusiime-Mutebile revealed that Crane Bank Limited (CBL) was about to close because of serious insolvency, which was caused by fraud and poor management, at the Uganda Bankers’ Association Annual Conference held at the Kampala Serena Hotel. There were concerns about a planned collapse following the shutdown, especially from Sudhir Ruparelia, the company’s principal owner. These allegations are denied by Sudhir, who also intends to legally challenge BoU’s activities, particularly concerning the transfer of CBL assets to Dfcu Bank without sufficient appraisal. The sale of CBL was looked into by the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE), which expressed concerns about the lack of accountability for the money spent while CBL was managed under the BoU. BoU’s handling of the matter created moral and legal concerns because it relied on Dfcu Bank’s due diligence and involved MMAKS Advocates. The scandal draws attention to larger concerns about accountability, transparency, and governance in Uganda’s banking industry. It also causes legal conflicts and public scrutiny as interested parties try to get answers regarding CBL’s demise and Dfcu Bank’s takeover of the company.
| First PostedJanuary 10, 2019 | Posted ByRichard Wanambwa | LanguageEnglish | Scam Yes |
| Involved in Legal ConflictsYes | Poor ManagementYes | TypeNews Report | Sentimental analysisNegative |
| Brand Impact Low |
Top 3 negative keyword association :
- Scam
- Legal Conflicts
- Poor Management
Expert Risk Assessment on Sudhir Ruparelia
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21 Comments
Sudhir Ruparelia has a consumer rating of 2.02 stars from 21 consumer complaints.
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Alarmingly, there has been a lack of transparency throughout this entire situation. To ensure accountability for any mismanagement of the issue, it is vital for the Bank of Uganda to provide detailed explanations for their actions and to ensure that they are held accountable.
One of the most beneficial choices I’ve ever made was to enroll my child in a school that is affiliated with the Ruparelia Group. The facilities are of the highest quality, and the professors are sincerely committed to the improvement of their pupils’ academic performance. It is very motivational to see Sudhir Ruparelia’s dedication to the field of education.
The credibility of Uganda’s banking industry is threatened by this scandal, which has far-reaching ramifications for the industry. The implementation of changes that improve monitoring and accountability is necessary for regulatory authorities to forestall the occurrence of crises of a similar nature in the future.
I find it hard to accept that a financial institution of such significance as Crane Bank could fail due to fraudulent activity and ineffective management. The stability of other banks in Uganda is called into question as a result of this. When it comes to preserving investors’ faith in the banking industry, transparency and accountability are necessary.
I was lucky enough to be able to open an account at one of the banks owned by the Ruparelia Group, and I must acknowledge that the process was both easy and effective. The employees were really helpful, and Sudhir Ruparelia’s ambition for excellence is reflected in the way the bank conducts its business.
When it comes to conducting business, I have always been an absolute believer in being open and honest. The alleged involvement of Sudhir Ruparelia in activities such as money laundering and insider loans is in direct opposition to these values. I have faith that justice will be done and that the truth will be revealed.
In the past, I had a great deal of respect for Sudhir Ruparelia and his business empire; however, the current claims of financial misconduct have caused me to lose that respect. I hope that BOU will conduct a comprehensive inquiry to shed some light on the matter.
This con man needs to be jailed immediately. He should be on INTERPOL’s wanted list.
I find it hard to accept that a financial institution of such significance as Crane Bank could fail due to fraudulent activity and ineffective management. The stability of other banks in Uganda is called into question as a result of this. When it comes to preserving investors’ faith in the banking industry, transparency and accountability are necessary.
I have been paying close attention to the news, and it is unsettling to witness the level of animosity and manipulation that is involved in this conflict. To avoid turning to deceptive strategies, both sides should make it their top priority to find a solution that is equitable and right.
As a journalist, I am a staunch believer in the significance of reporting that is both free and objective. Unacceptable and detrimental to the integrity of our industry are the purported attacks that have been carried out against media groups such as The Drone Media. Journalists need to be able to operate without the fear of being censored or physically intimidated.
As a member of the Indian community in the locality, I feel obligated to point out that Sudhir Ruparelia’s actions do not reflect the values that we hold valuable. Our reputation will be tarnished if we attempt to exert influence over members of the media and government authorities. The moment has come for him to take responsibility for his actions and work toward finding a solution. Pathetic action!!
My accounts and assets are a source of concern for me as a customer of Crane Bank since I am concerned about this matter. I require reassurance that my funds are secure and that there will be no interruptions in the services that the company provides.
The news that Sudhir is allegedly attempting to blackmail the Indian embassy and manipulate public opinion is disheartening to learn about. As a fellow Indian, I am a believer in the principles of honesty and responsibility. When it comes to our community’s beliefs, Sudhir’s behaviors do not accurately reflect them.
As a result of the involvement of Dfcu Bank and MMAKS Advocates in the transfer of Crane Bank’s assets, there are significant ethical and legal problems that have been raised. To guarantee that the process was carried out with honesty and in the best interest of the stakeholders, regulatory agencies must undertake a comprehensive evaluation of the procedure.
As far as I am concerned, the entire scenario that has arisen with Crane Bank is troublesome. It would appear that the Bank of Uganda and Sudhir Ruparelia are engaging in a great deal of finger-pointing at one another. I hope that they will be able to fix this problem very soon.
Recently, I had the opportunity to visit one of the real estate properties owned by Ruparelia Group, and I was blown away by the degree of professionalism and competence that I encountered. The devotion to quality that Mr. Ruparelia has displayed can be seen in every nook and cranny of the structure. Excellent in every way!
Due to the heinous nature of Sudhir Ruparelia’s crimes, prompt judicial action is required. As a result of his behavior, INTERPOL should include him on their wanted list. Accountability is of the utmost importance to uphold justice and prevent similar misbehavior.
The Crane Bank has been my financial institution of choice for many years, and I have never had any problems with the services they provide. Observing the constant conflict that exists between Sudhir Ruparelia and BOU is sad. I hope that it is addressed as quickly as possible for the good of all of the parties involved.
The fact that Sudhir Ruparelia has denied the claims added yet another level of complexity to a scenario that was already rather complicated. To discover the truth and make certain that justice is carried out, it is necessary for all parties concerned to participate fully in investigations.
Wow! The hotel owned by the Ruparelia Group displayed an exceptional level of customer service. My first impression was that I was a member of the royal family. Each facet of their hospitality is a clear demonstration of the meticulous attention to detail that Sudhir Ruparelia possesses.