Mr. Emmanuel Tumusiime Mutebile -Governor
Mr. D. Opiokello – Deputy Governor
Dr. Louis Kasekende - Vice Chairman
Mr. Juma Wasswa Balunywa –Board Member
As Ugandans and the International community is watching Brief case company disintegrate one by in their bid to acquire the building owned by the closed Greenland Bank and the its former Director has this to say:
In a statement signed by Dr. Sulaiman Kiggundu he denied having mortgaged the building to the Bank of Uganda in return for a 10 billion shillings loan.
He says the management of Greenland Bank had attempted to get the loan but the Bank of Uganda declined to give Greenland Bank the loan till it was closed in 1999.
The 1st bidder has since failed to come out with the money and the second bidder went the same avenue and those responsible for the bid are thinking of giving the remainder of the bidders until someone comes out with the money.
It is imperative that at this point the Bank of Uganda comes out with the documents to support the challenged 10 billion Ug Sh loan Bank of Uganda alleges to have extended to Kiggundu.
It is questionable if the Bank of Uganda works for the interests of Ugandan investors or serves foreign interests. It is also crucial that the demise of Greenland Bank and the mortgage in question should be included in the on going Ssebutinde inquiry.
Should it turn out as fraudulent sell, the governor of the Bank of Uganda should be held accountable.
It is interesting to note that other banks in Uganda have been closed sighting mismanagement and none of the directors is imprisoned as in the case of Kiggundu. The timing of the sale of his building while is in jail is suspicious
---
Outgoing mail is certified Virus Free.
Checked by AVG anti-virus system (http://www.grisoft.com).
Version: 6.0.417 / Virus Database: 233 - Release Date: 11/8/2002
