At the beginning of this year, rumours did rounds how Crane Bank was to be closed. The bank was finally closed and Dfcu took it over.  As investigations went on secretly, it has been found out that Sudhir and his associates forged documents and bank accounts to steal money from clients who had bank accounts with Crane Bank.

According to a daily newspaper, it has been reported that Sudhir and his friend Kirumira could be heading to Luzira prison over forgery. 

According to the newspaper, it has been reported that Sudhir was using so many different bank accounts in the names of other people to have money deposited on it. He further swindled over 400bn that was meant to be paid to NSSF on behalf of his staff. 

Furthermore, investigations reveal that fellow Tycoon Godfrey Kirumira connived with Sudhir to have some pseudo accounts opened. This has prompted the central Bank of Uganda to step in and carry out various investigations.

As we speak now, Bank of Uganda has dragged Sudhir to courts of law to explain the various accusations.

 According to sources at Bank of Uganda, Sudhir might not survive this case. He could be heading to Luzira.