KAMPALA — Police have on Monday September 16, confirmed that its detectives are thoroughly investigating claims liking a UK based consultancy agency FBW, of defrauding Meera Investments, an estates development arm of Rupaleria Group about UGX 2.5 billion.
Kampala Metropolitan Area deputy spokesperson without giving details confirmed that detectives are indeed following links of possible fraud by FBW.
According to reports, FBW was contracted by Meera Investments in 2012 to give consultancy in the construction of Speke Apartments Wampeewo and the extension of Kabira Country Club, a popular spot in Bukoto.
Upon singing a working contract, Meera Investments subsequently transferred UGX. 1billion, ahead of construction of Speke Apartments at Wampeewo Avenue in Kampala and 1.4 and for extending Kabira Country Club.
“I don’t have details of that case now but I can confirm, classified investigations on the same are underway,” Mr. Luke Oweyisigire confirmed, promising he would share progress of the investigations.
However, by time of filing this story, he had not returned to us as promised.
Meera Investments has since filed a case at Katwe Police Station under reference number GEF:131/2019, after the firm failed to produce architectural designs for the extension of Kabira Country Club in Bukoto receiving over UGX 1.4b from the contractor.
Since its establishment in 1994, Meera Investments LTD, has built a reputation with its innovative ideas in real estate, particularly in property development and construction, throughout Kampala, Uganda’s capital.
It is one of the companies under the Ruparelia Group of companies.
Meera investments are known in Uganda for bringing on market commercial and residential structures.
It takes on the role of main contractor for small to medium size projects and performs project management services to coordinate specialist trades for industrial/ commercial and residential projects.
On its website FBW Projects says it has developed a reputation for design and delivery of quality building projects in Uganda including: The Emin Pasha Hotel, The Ndere Centre, The new British High Commission, The Motorcare (Nissan) Building, Kabira Country Club, Munyonyo Commonwealth Resort and various high quality private residences.