The three officials who are subject of investigations.

 

The Director of Public Prosecutions (DPP) has been petitioned to prosecute the former Bank of Uganda Deputy Governor Louis Kasekende, former Director of Commercial Banks Supervision Justine Bagyenda and the Director for Financial Markets Development Coordination (FMDC) Benedict Sekabira

Mr Kakuru Sam Brian, a private citizen, sent the petition to the DPP today, detailing offences of abuse of office and causing financial loss,contrary to the Anti-Corruption Act that have been orchestrated by the officials.

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In his petition, Kakuru states that the three officials masterminded the mismanagement of properties that were in the names of seven commercial banks that were closed by the central bank between 1992-2016.

In the his petition, Kakuru urges the DPP to take Interest yourself in the case that was filed by the Bank of Uganda against Sudhir Ruparelia and Meera Investments which was dismissed by both the High Court and Court of Appeal with huge sums of money to be paid in terms of costs to be paid by the tax payer in one way or another.

“Section 11 of the Anti-Corruption Act of 2009  creates the offence of abuse of office where a person employed by a public body or company in which a government has shares does or directs to be done an act arbitrary tor prejudicial to his employer or any other person in abuse of office,” reads the petition.

It adds: “Section 20 of the Ant-Corruption Act provides for the offence of causing financial loss which is committed by any person employed in a public body or company which government has shares or bank and or a public body who in performance of his duties does or omits to do any act knowing or having any reason to believe that his act/omission will cause financial loss to the government or financial institution.”

The petition by Kakuru to the DPP will further pile pressure on Sekabira who is facing another investigation from the CIID over his dealings in the central bank relating to land titles of closed banks.

 

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