Finance

Gone: MPs Probe how UGX15 billion Vanished From Asian Custodian Board Bank Accounts

by CEO Reporter
Ibrahim Kasozi, COSASE sub-committee chaired by Makindye East MP. The committee is investigating fraudulent acquisition of properties facilitated by government officials, as well as the total amount of proceeds received from the sale and rent of the properties held by the board
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Members of Parliament on the Commissions, Statutory Authorities and State Enterprises (COSASE) committee are investigating how UGX15 Billion disappeared from an accounts belonging to the Departed Asians Property Custodian Board. A handover report from the divestiture committee of the custodian board shows that UGX15 billion was on the account in Bank of Uganda accruing from the sale of 1,524 pr

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