Kampala, (UG):- Rajni Tailor, a powerful Indian businessman and former Minister of Finance in the Buganda Kingdom has been arrested and sent to Luzira Prison for defaulting on a $5,000 payment (about Shs 18.3 million) owed to the Madhvani Group.
Rajni’s arrest, according to sources, follows complaints from multiple members of the Indian community, who reported him to the police, accusing him of failing to repay significant sums they had lent him.
These accusations suggest a broader pattern of Tailor’s financial troubles, with the community taking legal action after he repeatedly failed to honour his obligations. His detention underscores ongoing concerns over his ability to manage debts and fulfil payment terms.
Rajni, an influential figure within the Indian community in Uganda has over the years held key appointments, including his ministerial role in the Buganda Kingdom, and has been known for advocating economic cooperation and business development.
Despite his prominence, Tailor’s reputation has been overshadowed by ongoing financial disputes. His recent arrest for defaulting on a $5,000 debt to the Madhvani Group has brought renewed attention to his financial issues. Members of the Indian community have also filed complaints alleging that he defaulted on multiple loans.
Not first-time defaulter
Rajni’s financial troubles have been ongoing, with a history of defaulting on loans and issuing bounced checks. His detention highlights concerns over his ability to manage debts and fulfil payment terms.
However, his reputation has been marred by recurring financial disputes and allegations of obtaining money under false pretences.
This is not Tailor’s first run-in with the law over financial issues. Previous cases have led to multiple lawsuits and police investigations, subjecting him to increased public scrutiny and criticism.
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