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BoU’s director Malinga in court over money printing saga

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The director of Currency department at Bank of Uganda, Charles Malinga has brought to Anti Corruption court in Kololo over the extra printing of money.

This is after sources at CID say the BoU Deputy Governor Dr Louis Kasekende had told them he wouldn’t appear before them for questioning on grounds that he was not involved in the saga and that he is above the level of the officials to be questioned as regards the matter.

Last Friday, two BoU officials were charged at Anti-Corruption court sitting at Kololo Kampala, on allegations of inclusion of unauthorised cargo on BoU chartered plane.

Francis Kakeeto, a branch manager at Mbale and Fred Wanyama were charged with abuse of office and in alternative corruption which they have both denied before magistrate Herbert Asiimwe.

Prosecution informed court that on April 26, 2019 between France, Belgium and Entebbe airport, the duo while on assignment by their employer to carry out a pre-shipment inspection of printed materials in France, in abuse of the authority to offices did an arbitrary act prejudicial to the interest of their employer and allowed the inclusion of unauthorized case on a cargo plane fully chartered by BoU.

And in the alternative, it’s alleged that they failed to refute and report the inclusion of unauthorized cargo on a plane fully chartered by BoU.

The development at BoU suggest there are factions within the central bank, one controlled by Kasekende and another controlled by Mutebile. However, Mutebile looks like he has lost direction and hold onto the mantle at BoU because the latest development indicates it is Kasekende in charge of operations of the central bank.

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