Stanbic Bank
Stanbic Bank
Stanbic Bank
Stanbic Bank
17.4 C
Kampala
Stanbic Bank
Stanbic Bank
Stanbic Bank
Stanbic Bank

Three land agents forge Sudhir signature to obtain money by false pretence

Must read

 

Three city land dealers could face criminal charges after it emerged that they forged signatures of tycoon Sudhir Ruparelia.

The land agents are Ronald Ndyareeba and Sam Mubiru . They three are accused of forging Sudhir signature as far as the legal documents purportedly drawn by Nangwala and Rezida Advocates. The above advocates are Sudhir’s attorneys.

“Whereas the principal has already finalised the principles for the sale of the property and has subsequently thereto appointed The Agents to solicit for acceptable buyers which duty the said agents have duly discharged by presentation to the Principal Joyce Meyer Ministries  Limited  and Christian Life Ministries Uganda limited  are joint and Whereas Joyce Meyer Ministries Limited and Christian Life Ministries Uganda Limited as joint purchasers  have pursuant to the above  solicitation already been presented by The Agentas to the Principal with an acceptable offer of $60,480,000 (sixty million, four hundred and  eighty thousand dollars only) for the purchase of the property”

Eagle Online understands that after forging this agreement, the three presented to money lenders to borrow money against as they await the final payment where they were to earn commission.

“In consideration of The Agents discharging their obligations as set upon them by the Principal as hereinabove indicated, the former shall be entitled to $1,209,600 (one million two hundred nine thousand six hundred united states dollars only) or the equivalent of 2 per cent of any other agreed purchase price. The consideration hereinabove indicate shall be paid in full upon conclusion of a sale with  between the Principal and the buyer already presented by The Agents but shall specially fall due upon payment of the last installment by the buyer to the Principal on or about the April 4, 2021”.

When reached for the comment on the latest developments Tycoon Sudhir Ruparelia told Eagle Online that he was dismayed by the forgeries by the agents.

“They forged my signature to say they are getting $1 million in commission and went to the money lender to borrow money against this forged agreement” Sudhir said.

For their part, Nangwala and Rezida said “They put our address of 10 years ago and couldn’t spell the name Rezida  well and added things on the stamp that aren’t there”

Sources say Mr. Ndyareeba is currently battling a case of Shs50 million related to land matters at Jinja Road police station.

- Advertisement -

More articles

177 COMMENTS

- Advertisement -

Latest article

- Advertisement -