PROSECUTION OF KASEKENDE, BAGYENDA AND SEKABIRA DELAYS

By our reporter

www.mknewslink.com

In Kampala

The Director of Public Prosecutions (DPP) has confirmed charges against the former Deputy Governor Louis Kasekende, former Director of Commercial Banks Supervision Justine Bagyenda and the central bank’s Director for Financial Markets Development Coordination (FMDC) Benedict Sekabira.

In an August 4^th letter titled: Prosecution of Bank of Uganda officials to wit Louis Kasekende, Justine Bagyenda and Benedict Sekabira, addressed to a petitioner named Kakuru Sam, the DPP Jane Frances Abodo effectively confirmed that the trio are under investigation.

Similarly the IGG and the Police are duty bound to investigate the former BOu officials (Kasekende, Sekabira and Bagyenda) implicated in wrongful and illegal closure and sale of 7 defunct banks.

The problem is that they came in to investigate the matter nearly two years after the investigations by the Parliamentary Public Accounts Committee on Commission State Authorities and State Enterprises (PAC-COSASE) ended its probe.

Kakuru Sam and Habasa Nelson told this website that they represent several and millions of enraged people who comprise of stakeholders and shareholders of the closed defunct 7 banks.

Speaking from Kampala, they said they will not be surprised if the enraged affected bank people vote the opposition but we want to appeal to the President to act on this to avert building unnecessary political opposition.

“We have been pushing this case, it is straight forward, we have documents and evidence that the 3 officials were involved in fishy transactions during the sale and closure of the banks.

“They should be prosecuted but the relevant government organs are not helping” Habasa said.

Lt. Col. Edith Nakalema the State House Anti Corruption Unit (SHACU) boss was also signaled about the delayed investigations.

She is the iron lady the President has used and deployed to fight corruption maybe she can prosecute them. Can she handle the matter, as some members of the public have been wondering why she has not come in to handle the Bou officials like she has done with other cases where IGG and Police have failed to deliver.

When contacted for comment about Kakuru‘s petition she (Col. Nakalema) said “the complainant for reference 2831/20 has already received feedback on this matter”

A forensic Parliamentary audit by the Committee on Commissions, Statutory Authorities and State Enterprises (Cosase) discovered that the three-Kasekende, Bagyenda and Sekabira, profited from the botched closure of seven commercial banks.

In its report, the Committee recommended that the relevant arms of government like the Inspectorate of Government (IGG), Directorate of Public Prosecutions (DPP) and the Financial Intelligence Authority (FIA) take interest in how the trio acquired astronomical wealth.