Three land agents have been busted for forging property mogul Sudhir Ruparelia’s signature in a bogus deal.
The agents are Ronald Ndyareeba, and Sam Mubiru. The forged the tycoons signature on a fake legal document allegedly drawn by Sudhir’s lawyers Nangwala and Rezida Advocates.
The three presented the document to money lenders as “proof” of being able to service the loan as the document indicated they were to earn $1.2m off the deal.
The bogus deal indicates that the three were brokering a property deal between Sudhir and his Meera Investments on one part and Joyce Meyer Ministries and Christian Life Ministries at a fee of over $60m.
“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 document read in part.
“This is a false transaction. They forged my signature to say they are getting usd 1 m in commision and went to money lender to borrow money against this forged agreement,” tycoon Sudhir said.
The law firm also distanced themselves from the document.
“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.”
On the false document, Rezida’s name was mispelt as Reziba.
Sources say Ndyareeba is currently battling a case of Shs50 million related to land matters at Jinja Road police station.