Talk:Sudhir Ruparelia

Sudhir Networth

The subject net worth has always been reported by Ugandan sources most of which are controlled by Sudhir himself. A case in Point is Spy Uganda where author Andrew Irumba on 15 May 2019 reported that "Forbes Releases 2019 List Of Top 10 Richest People In Uganda And Their Net Worth, Sudhir Still On Top!" Quoting the Forbes Magazine which never published or featured any rankings in Regards to Uganda in 2019 as quoted by the reporter. A lot of Ugandan reporters continued copying each other and reporting "Forbes list" which had not been released by Forbes in 2019 as falsely and massively reported in Uganda. Sudhir's real net worth is believed to be bellow $700 Million following the Uganda central bank's take over of his crane bank citing under capitalisation and lost court cases that slapped him with fines and costs. The Bank's Rwandan subsidiary was also consequently taken over by the commercial bank of Africa following the collapse of the mother Ugandan one.

The Covid-19 pandemic also worsened Sudhir's finances as most of his Hotels that are his major income sources had no occupants following restriction of international travels, with no entrants in the country. The same with His Shopping Malls and Arcades whose business was greatly affected to the extent that most are still vacant to-date with others now occupied by his university as lecture rooms despite the pandemic being long gone. Under what circumstances should a profitable property be emptied and given as a lecture room?

Given the fact that his forbes profile only has 800M with no recent updates and all reporters of the above $1 Billion figure periodically keep quoting forbes.

I suggest i just that we maintain and go with the one on forbes which stands as the only reliable independent source for now unless updates are made by forbes or new reliable reports independently indicate otherwise without falsely quoting Forbes any further. Africanaz (talk) 16:04, 11 March 2023 (UTC)

According to a 2017 Forbes Report Sudhir reported as a former billionaire also lost four Forex Bureaus which were shut down by the Central Bank of Uganda over capital inadequacy problems just after closing his bank for the same reason. Africanaz (talk) 20:32, 11 March 2023 (UTC)

Another 2019 Forbes report Talking about him as a former Billionaire concluded that: "FORBES Magazine ranked Sudhir as Uganda's first billionaire in 2012, but he had since dropped out of the ranks." Africanaz (talk) 20:42, 11 March 2023 (UTC)

Closure of Crane Bank and Forex Bureau

I'm moving the text bellow from the article over view Up, expanding and updated it, then put it under Closure of Crane Bank, as it is chronologically appropriate there. On 20 October 2016, the central bank of Uganda took control of Crane Bank, the largest subsidiary of the Ruparelia Group, due to a significant decline in capital and a potential run on the bank. In April 2017, the central bank of Uganda shut down his four forex bureaus as a result of unrenewed expired licences whose failed renewal resulted from money laundering and lack of fitness and probity by owners and board of directors according to Forbes and the Observer. Solzbie (talk) 18:38, 4 November 2023 (UTC)

@Solzbie Please do not edit articles directly when you are paid to edit them. Please follow all aspects of WP:PAID. 🇺🇦 Fiddle^Timtrent Faddle^Talk to me 🇺🇦 10:09, 22 November 2023 (UTC)

Fraud investors

They don't want to pay our many after working I personally demand 2.5m for timber I delivered at IUIU mbale construction site and I request Sudhir you who sent Ali the manager or investor ,talk to him to clear the debts of all the workers because I see nothing but collapse of your hard work and strikes against you or involve your son . Wealth200 (talk) 21:02, 11 May 2024 (UTC)

for sure investors are torturing us in our own country Wealth200 (talk) 21:07, 11 May 2024 (UTC)