BUSINESS ASSOCIATES: Godfrey Kirumira and Sudhir Ruparelia

Flamboyant city businessman Godfrey Kirumira has threatened to sue the New Vision Printing and Publication Company, the publisher of The New Vision and Bukedde newspapers for alleged defamation.

According to a letter addressed to the Chief News Editor, Kirumira, through his lawyers of Tumusiime, Kabega & Co, accuses The New Vision and Bukedde newspapers for defaming him in the series of Sudhir’s Shs400 billion alleged fraud stories the two papers have been running all this week.

A close friend and business associate to Sudhir, Kirumira is cited by the two papers as an accomplice in the alleged fraud in Crane Bank that have put the bank’s biggest shareholder’s image as one of Africa’s top businessmen, on the line.

‘As you may be aware the stories you have published are false against our client as our client is neither a shareholder or a director in Crane Bank and has not in his business dealings involved in any fraudulent transactions as you have portrayed him. In any case he is not in the suit filed against Sudhir in court’, his advocates wrote.

Kirumira is not new to financial controversy and in August 2012, he was questioned by the police for reportedly facilitating the illegal transfer of Shs190 million from Bank of Baroda onto his account. The money at the time was supposed to be utilised by Kiruhura District but was not, and hence was to be returned to the Treasury.

However, the case against the tycoon was dropped.