By Our Reporter
Sudhir Ruparelia the Ugandan wealthy businessman has hijacked Ssebaggala and Sons Electro Centre which is owned by Meddie Sebaggala over an outstanding debt.
Sudhir is reportedly demanding over 7bn from business man,Meddie Ssebagala.He took over the busy shop located in Kiyembe ,on Friday through Crane Bank which he owns personally.
A source told Uganda Picks that the tycoon wants to recover the money he borrowed the business man three years ago.To recover the money,Crane Bank through Ken Associates will run the shop until it recovers the money Meddie Ssebagala owes Sudhir.Currently the bank is heavily guarded by police from morning to evening.
Sudhir Ruparelia is a businessman and entrepreneur in Uganda .He is reported to be one of the wealthiest people in Uganda.In November 2012, he was reported to be the wealthiest individual in East Africa, with an estimated net worth of over US$900 million.