Police Summon Sudhir over Illegal Takeover of Simbamanyo’s Properties
Police Summon Sudhir, Luwangula over Illegal Takeover of Tycoon Simbamanyo’s Properties
The City businessmen Sudhir Ruparelia of Meera Investments Ltd, has been summoned to police together with Ronald Luwangula aka Luwaluwa Investments, 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 USD10.5M with Equity Bank.
City Architect Peter Kamya, who 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, 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.