The Police have said they are not conducting any criminal investigations against businessman Mr Sudhir Ruparelia and his businesses. This reassurance comes even after a raid on various businesses owned by Sudhir where at least 40 foreigners working for him were arrested by Police and Immigration officers.
Police spokesman, Mr Andrew Felix Kaweesi, said the arrests were not at all connected with any kind of offences or investigations on Sudhir, also dismissing allegations that the Central Bank and police were investigating former Crane Bank’s top managers, Sudhir, for troubles at the bank.
“The Central Bank regulates and supervises these banks. If there was any criminal element, they would have informed the Directorate of Criminal Investigations, but the Central Bank has brought no case or complaint to the police,” Mr Kaweesi said.
The Central Bank took over operations of Crane Bank, which Sudhir owned, late last year. Early this year, the same bank, which was the fourth largest bank in the country, was handed over to DFCU.