BoU Probe: Louis Kasekende writes to COSASE over leaked Assets

By DailyNewsUG Reporter,
DailyNewsUG |Kampala, Uganda| The deputy governor Bank of Uganda, Louis Kasekende has written to the chairperson of the parliamentary committee on Commission of Statutory Authorities and State Enterprises (Cosase) about tabled documents concerning his wealth.Cosase chairperson Abdu Katuntu on Friday revealed that he had received a letter from Kasekende dated December 14 requesting for information allegedly related to his wealth presented to the committee.

Katuntu says that he has directed the clerk attached to Cosase to avail the information to Kasekende latest Monday this week.

However, the Bugweri County MP did not reveal reasons given by Kasekende in his letter as to why he requires looking at the documents that were presented by Aruu South member of parliament Odonga Otto.

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On Thursday, a sub-committee of Cosase MPs was set up to scrutinize documents listing assets allegedly owned by Kasekende and report back to the entire committee on Tuesday next week.

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The MPs on the sub-committee are Bukedea Woman MP Anita Among, Uganda People’s Defence Forces (UPDF) representative Brig. Francis Takirwa and Kiruhura Woman MP Sheila Mwine.

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Muyenga property above and Naguru property below

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The copies of 70 pieces of land and property allegedly owned by Kasekende and his proxies including driver and wife were tabled by Otto as the committee proceeded with investigations into the closure of seven commercial banks between 1993 and 2016 as highlighted in the 2017 forensic audit report by the auditor general.

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Otto who accused Kasekende of engaging in profiteering, presented a list of 17 properties and land linked to Kasekende.

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He also accused the deputy governor of transferring 18 properties into the control of his driver Moses Musiitwa and 35 others into the names of his wife Edith Kasekende.

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Otto also laid before the committee, bank statements of Edith – detailing transfer of funds from China Railway Corporation totalling to $1.6 million (about Shs 6bn) and another transfer into her account of Shs 1.9 billion from MMAKS advocates.

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MMAKS advocates were the lawyers retained by the Bank of Uganda to provide transactional advice on the resolutions of Crane bank.

Otto stated that the declaration of wealth forms submitted by Kasekende to the Inspectorate of Government contain only six properties, something that requires investigation.
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