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By Our Reporter
The Chairman of Ruparelia Group, Dr. Sudhir Ruparelia has told fellow businessman and the chairman of Spear motors, Gordon Wavamuno to mind his own business after the latter criticized his thriving commercial ventures in Uganda.
According to Forbes2015, Sudhir is one of the top five riches tycoon in Uganda and 27th wealthiest individual in Africa with a net a net capital of US$1.1 billion.
He is one of the largest real estate investors in Uganda with more than 300 residential and commercial properties. Ruparelia business interests expand in Rwanda, United Arab Emirates and United Kingdom Amon other countries.
His investments are mainly in the areas of banking, insurance, labour export, education, broadcasting, real estate, floriculture, hotels and resorts.
Wavamunno criticized Sudhir’s business as he addressed journalists at his farm in Nakwero, Gayaza. He alleged someone was behind Sudhir’s businesses.
He recalled working Sudhir working closely working with Nile Bank thus contrasting with hard-working tycoons with a verifiable record of hard work who have had to sell his personal belonging to clears outstanding taxes that Uganda revenue authority (URA) owed him.
According to Mulengera news, a local website, Wavamuno said he has done lot and lost many things for President Yoweri Museveni’s sake but because of the fatigue he now suffers from, he forgot everything.
“He is clearly taxing us out of business and that is how my WBS, which was the most prominent TV in Uganda, went under and was taken from me. My brother John Kamya who looked after his mother and fed her from my garage had to be jailed longer than the courts had ruled,” he said.
According to WhatsApp conversation, Sudhir could not take in the accusation, he lashed out to the former proprietor of the defunct WBS TV imploring him to mind his business.
“Hello Gordon, you seem to question me and my businesses. Did I ever come and steal from you? Did I ever borrow from and further more do I owe you any money? If you have grudges don’t involve me in them,” said Sudhir.
He reminded him of his elevation from dealing in beers, sodas and forex into a multi business man in the country.
