The troubles of ex Bank of Uganda(BoU) Deputy Governor Louis Kasekende and former Director of Commercial Banks Supervision Justine Bagyenda have deepened further with their properties set to be attached this week.
The Director of Public Prosecutions instructed the Criminal Investigations and Intelligence Department (CIID) to arrest and search the homes of Mr Kasekende, Mrs Bagyenda and Mr Benedict Sekabira, the Director of Financial Markets Development Coordination (FMDC) at Bank of Uganda.
Some of Kasekende’s assets that set to be attached include prime properties in the Kampala suburbs of Muyenga and Kololo and plots of land in Kampala and Wakiso.
Correspondences that have been obtained by prosecutors indicate that most of Kasekende’s prime properties are in the names of his brother, wife and siblings.
The decision by the DPP to sanction the attaching of Kasekende’s properties is supported by a report by Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) that questioned the manner in which he acquired the properties.
During the Parliamentary investigations, Aruu County MP Odonga Otto tabled in before the Committee documents showing how 72 land titles belonging to Kasekende in Kampala and Wakiso were irregularly acquired from closed commercial banks.
The Committee further heard evidence on how Kasekende submitted only six properties to the Inspectorate General of Government (IGG) during the declaration of assets process, massively under-valuing his wealth.
The Parliamentary inquiry also received bank statements showing Mr Kasekende transferred $1m (about Shs 3.7) to Ms Edith Kasekende account by a Chinese firm, Shs 1.9b from MMAKS Advocates and $ 71,000(Shs 262m) that was wired to Kasekende’s account by Tororo District Local Government.
