Kampala, Uganda | THE INDEPENDENT | Members of Parliament on thecommittee Commissions, Statutory Authorities and State Enterprises (COSASE) have quizzed Ministry of Finance officials over 15 Billion Shillings missing from accounts belonging to the Departed Asians Property Custodian Board. The MPs were on Wednesday meeting the finance minister Matia Kasaija who …
Read More »Occupants struggle to defend possession of departed Asians properties
Masaka, Uganda | THE INDEPENDENT | Current occupants of the former properties of departed Asians in Masaka district are struggling to defend their possession before the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises-COSASE. The committee is holding a special session in Masaka town where they are interviewing persons …
Read More »VP Ssekandi summoned over ex-Asian property
Kampala, Uganda | THE INDEPENDENT | The new city of Masaka is set to begin life on a clean slate as Parliament starts the process of laying to rest the restless ghost of ex-Asian properties that were grabbed by Idi Amin’s government in 1972 and have been changing hands through owners, …
Read More »30 buildings in Mbale city stolen, sold, mortgaged
Mbale, Uganda | THE INDEPENDENT | The Committee of Parliament on Commissions, Statutory Authorities and State Enterprises-COSASE has grilled officials of the Custodian Board and the Mbale district land board for the fraudulent allocation of departed Asians Properties whose former owners government had already compensated. Some of the stolen properties were …
Read More »FDC struggles without Besigye
Pundits offer party ideas on 2021 elections and Besigye’s Plan B Kampala, Uganda | JULIUS BUSINGE | Uganda’s biggest opposition party, Forum for Democratic Change (FDC) will have a weak candidate on the presidency ballot in 2021, according to pundits who have spoken to The Independent. The comments followed party …
Read More »COSASE tasks custodian board to explain over 300 Asian properties owned by one man
Kampala, Uganda | THE INDEPENDENT | The Departed Asians Properties’ Custodian Board has up to a week to produce documents relating to 300 Asian properties owned by businessman, Praful Chandra Patel. The subcommittee of Commissions, Statutory Authorities and State Enterprises-COSASE issued the orders when Praful appeared together with his lawyer, …
Read More »Round three: BoU, Sudhir to face off at Supreme Court
But commercial lawyers argue that the central bank is simply cleaning its face and that the law is not on its side Kampala, Uganda | JULIUS BUSINGE | The legal battle between Bank of Uganda and Sudhir Ruparellia over the defunct Crane Bank Limited is intensifying. They are headed …
Read More »BoU faces huge costs over Crane Bank-Sudhir case
Experts say there are lessons to learn from this case and that the central bank should not be hanged for losing it Kampala, Uganda | JULIUS BUSINGE | Uganda’s central bank is facing huge costs after losing court cases in the Commercial and Court of Appeal over Sudhir Ruparelia, Meera …
Read More »COSASE grills KCCA ED Kitaka over staff pensions
Kampala, Uganda | THE INDEPENDENT | The Acting Executive Director Kampala Capital City Authority-KCCA Eng. Andrew Kitaka has denied accusations of flouting the Pensions Act and causing financial loss to government. He was appearing before the Committee on Commissions, Statutory Authorities and State Enterprises-COSASE alongside other Authority officials to respond to …
Read More »COSASE threatens to arrest Uganda’s deputy Ambassador to Italy
Kampala, Uganda | THE INDEPENDENT | The Committee on Commissions, Statutory Authorities and State Enterprises-COSASE has threatened to cause the arrest of Uganda’s Deputy Ambassador to Italy, Dr. Kassam Mumtaz for snubbing the committee summons. Mumtaz is needed to testify in the ongoing investigations into the acquisition of Departed Asians’ Property …
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