AUDIO: Louis Kasekende has ashamed the Catholic Church – FDC stalwart Proscovia Salaamu Musumba

By Our Correspondent

DailyNewsUG |RADIO ONE|Opposition FDC stalwart Proscovia Salaamu Musumba has hit out at Bank of Uganda deputy Governor Dr Louis Kasekende for forgetting his Catholic values and allowing himself to get caught up in the mess as the Bank of Uganda gets under scrutiny in the aftermath of the closure of seven commercial banks and now an inquiry by Parliament.

Ms Musumba, a former Member of Parliament while appearing on Radio One Talk-Show Spectrum said:

“…this is really too scandalous that a central bank that is managed by the more celebrated economists have turned the whole thing into ruin and have left us no excuse whatsoever to defend them. They look like robbers moving assets. Governor Mutebile should have given us the best he has. Kasekende, a celebrated Catholic to be undressed like this is sacrilegious,” Musumba said when she appeared a panellist on the popular talk-show.

Ms Musumba hit out at Bank of Uganda for turning into a string of malpractices including money lending
MPs on the Parliamentary committee on Commissions, Statutory Authorities and State Enterprises are investigating irregularities in the closure of seven commercial banks, with several bank officials facing the spotlight.

Deputy governor Dr. Louis Kasekende faces the spotlight after it emerged he wrote to potential investors before Crane Bank was controversially sold to dfcu Bank at a paltry Shs 200 million.

Apart from the inquiry into the sale of seven banks, members on the COSASE have vowed seek answers after disturbing details that Dr. Kasekende, one of the 8 central bank officials in the spotlight offered insider information to potential investors about the sale of Crane Bank while the central bank and Crane Bank’s majority shareholder, business mogul Sudhir Ruparelia, were still in negotiations.

The eight top Bank of Uganda (BoU) officials including Dr Kasekende face the spotlight as the parliamentary inquiry into the sale of seven banks including the Shs 200 billion giveaway of Crane Bank to dfcu Bank enters week three.

The others are senior bank officials Benedict Sekabira, Timothy Sekirayi, Grace Ndyareeba, Margaret Kasule, Titus Mulindwa, William Kasozi and Justine Bagyenda who has since retired from the central bank under a cloud.

The inquiry resumes next week.

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