Tag Archives: COSASE

Kampala, Uganda | THE INDEPENDENT | The Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has tasked the Ministry of Finance to refund 800 Million Shillings to the Departed Asians Properties Custodian Board taken after the closure of the International Credit Bank (ICB). Finance Minister Matia Kasaija on …

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 …

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 …

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, …

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 …

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 …

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, …

  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 …

Kampala, Uganda | THE INDEPENDENT | The Parliamentary Committee on Commissions Statutory Authorities and State Enterprises (COSASE) has tasked businessman Sudhir Ruparelia to present evidence on how he acquired property belonging to the departed Asians. Sudhir and his legal team together with Meera Investments on Tuesday appeared before the sub-committee …

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 …