City businessmen Sudhir Ruparelia of Meera Investments Ltd has been summoned to police together with Ronald Luwangula aka Luwaluwa Investments Ltd, to record statements over allegations that they illegally took over properties belonging to City Architect Peter Kamya, which they claimed to have bought from Equity Bank during an auction.
Whereas Sudhir purportedly bought and illegally caused the occupation of Simbamanyo House in Kampala by Meera Investments Ltd, Ronald Luwangula of Luwaluwa Investments, purportedly bought Afrique Suits hotel in Mutungo, a Kampala suburb.
It is alleged that Sudhir and Luwangula bought the said properties at an auction by Equity Bank under the cover up that Simbamanyo Estates reportedly failed to service a contested loan of USD 10.5m with Equity Bank.
Kamya, who owns Simbamanyo House and Afrique Suites, through his lawyers of Muwema & Co. Advocates, accuses Equity Bank of allegedly colluding with other people, among them Sudhir and Luwangula, in selling his properties to Meera Investments and Luwaluwa Investments respectively.
He alleges that the said parties flouted all standard procedures like getting a valuer, making the auction public, notifying the property owner of the intended sale and notifying him before removing the caveats he had put on the suit property among others.
Kamya has since filed a case in the High Court commercial division not only contesting the failed loan allegations but also the illegal takeover of his properties. He has gone ahead and filed a case with the police, tasking Sudhir and Luwaluwa to produce documents pertaining to the purported sale of his properties, a move that pundits say will expose any dishonest conduct, fraud and illegal action by some of the parties involved.
The Police have since opened up a General Enquiry file into the matter vide number KMP/E/GEF/117/2020, upon which they have summoned Sudhir and Luwangula to record statements about the matter, explaining the process by which they acquired these properties, how much they bought Simbamanyo House and Afrique Suites, and the documents they signed with Equity Bank about the purported sale.
This follows failure by Sudhir and Luwangula lawyers, while appearing in court a few days ago, to produce the documents indicating how they bought the Simbamanyo Estates properties as had previously been asked to table the same.
Meanwhile, Sudhir, who also doubles as Nepal’s Honorary Consul to Uganda, recently said that his company participated in the competitive bidding and he was displayed as the best evaluated bidder.
Sudhir said that with USD 5m (about 18.4b) bid, he became the most suited and competitive bidder, compelling the auctioneers to hand him the property.
“Meera Investments Limited were the highest bidder for the auction from Equity Bank and acquired the property by pay $5m. We are ready to meet our new tenants and promise to cooperate with them as we have done to our tenants elsewhere,” Sudhir was quoted as saying in October, 2020.
The police summons which were issued by D/SP Gimei Topher Nakoko, the Regional CID Officer KMP East, among other things, seeks presentation of transaction documents for the transfer of USD 1,000,000 from Meera Investments Ltd to Katende, Ssempebwa, and Company Advocates.