Three City Land dealers have found themselves in a spot of bother due for forging signatures of property mogul Dr. Sudhir Ruparelia in legal documents purportedly drawn by Nangwala and Rezida Advocates to rob millions from money lenders.
The alleged land agents are Ronald Ndyareeba, Amb. Quilino Bamwine and Sam Mubiru.
“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 Agents 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” reads part of the agreement.
This website have learnt 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 herein above 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,” reads part of the purported agreement.
*The purported agreement*
The agreement continues.. “The consideration herein above 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 said, 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”
Meanwhile, it’s reported that Mr. Ndyareeba is currently battling a case of Shs50 million related to land matters at Jinja Road police station.
STORY CREDIT: The Capital Times
