DFCU boss Kalema survives arrest

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Dr William Kalema, a director with DFCU Bank

By Our reporter

PARLIAMENT, Dr William Kalema, a director with DFCU Bank survived being arrested by the Parliamentary Police while appearing before the Committee on Commissions, Statutory Authorities & State Enterprises Cosase). Trouble triggered off Thursday February 7, 2019 when he angrily responded to questions regarding his role in the closure of banks.

After being cornered with evidence that he abused the law, Dr Kalema lost his cool.

Aruu County Member of Parliament Odongo Otto moved that Dr Kalema be arrested by Police. However Dr Kalema quickly apologized surviving being arrested.

He was part of embattled DFCU bosses facing the wrath of COSASE as they continued to conceal crucial information and documents in regards to the purchase of assets and liabilities agreement of defunct Crane Bank.

On Wednesday, COSASE Chairman Abdu Katuntu threw out DFCU bosses led by chairman Board of directors Jimmy Mugerwa for presenting fake documents that were neither signed nor dated.

Bosses continued to confuse the committee with unclear documentation, thus raising suspicions that the Bank is concealing important documents in regards to the sale and purchase of Crane Bank in January 2017.

Dfcu’s Mugerwa said that some of documents are confidential because it contains details of individuals’ accounts which are in breach of their right to privacy.

However, the MPs doubted Mugerwa’s defense on confidentiality saying a day before, he lied to the committee that the documents are confidential yet on critical look at that documents, there were not confidential at all.

“Dfcu has had a mentality of duping this committee about confidentiality of their documents when there are actually not,” said Mwijukye Francis, MP Buhweju county.

City money mogul Sudhir Ruparelia attended the COSASE sitting as a backbencher as the committee grills DFCU officials over Crane Bank saga.

Clad in his signature white shirt, Sudhir accompanied by his son, Rajiv Ruparelia paid attention to the proceedings.

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