KAMPALA – City tycoon Sudhir Ruparelia has hit back at struggling tycoon Gordon Wavamunno, blasting him for appearing to sour grape over the property magnate’s “ever swelling wealth”.
Mr. Ruparelia in a leaked WhatsApp chat sarcastically asked Mr. Wavamunno, whether he had stolen from him.
“Hello Gordon [Wavamunno], you seem to question me and my businesses,” the businessman wrote adding: “Did I ever come and steal from you? Did I ever borrow from, and further more do I owe you any money? If you have grudges don’t involve me in them.”
According to Mulengera News, a local publication, Mr. Wavamunno, while grumbling about his damaged relationship with President Museveni, made statements about Mr. Ruparelia including questioning how he has accumulated “a lot of wealth within a short period of time.”
It is alleged that Spear Motors proprietor also recalled Mr. Ruparelia being a forex dealer closely working with Nile Bank thus contrasting this with hard-working tycoons with a verifiable record of hard work who have had to sell off their possessions to overcome being jailed for defaulting on bank loans.
The comments have since angered Mr. Ruparelia, forcing him to hit back in protest, telling his fellow tycoon to mind his own business.
Mr. Wavaumunno in 2016 lost control of his television station — the Wavah Broadcasting Services (WBS) over a huge tax debt.
WBS television, which Wavamunno founded in 1997, was put on receivership by the Uganda Revenue Authority (URA) for failing to clear tax liability amounting to UGX 7.2billion ($2.1 million) which it accumulated over a period of many years.
Mr. Wavamunno is the founder of Spear Motors Limited, a prosperous car dealership which is popular for being the largest Mercedes Benz dealership in the East Africa region.
