By Chris Mabonga
Arguably East Africa’s richest man atleast according to Forbes magazine is back in the news but this time round dragging one of the biggest banks in the country to the courts of law.
The embattled business man under his Neera investments has sued DFCU bank for illegally occupying 46 branches across the country which formerly belonged to Crane Bank Limited.
Sudir claims that the 46 Cranes Bank suit properties which were under lease hold agreement were illegally and fraudulently transferred to DFCU Bank without his consent.
It should be remembered that when Crane Bank was declared bankrupt by Central Bank, it was placed under receivership and later sold to DFCU Bank.
Sudir therefore claims DFCU used this opportunity and connived with the commissioner land registration to have the leases transferred in to DFCU’s name without his consent.
He wants court to reverse its decision and cancel the lease titles in respect to the said properties now occupied by DFCU Bank.
