Police probe top Posta managers
Posted Monday, October 7 2013 at 01:00
Kampala- Police are investigating circumstances under which two directors at Posta Uganda were allegedly involved in a fraudulent acquisition of two government properties during the privatisation process.
The two directors are being probed over alleged conflict of interest, being trustees in Uganda Communications Employees’ Pension Scheme (UCECPS), a private pension scheme formed after privatisation of the then Uganda Post and Telecommunications Communications.
It is alleged that on March 1, 2010, the two directors applied to Kitgum Town Council to transfer a plot of land on Awich Road in Gulu District, from Posta Uganda to the UCECPS where the two are trustees.
A source at police alleged that the two illegally transferred the government land from the company where they were serving as directors, in order to put it to personal use.
The Director Criminal Investigations and Intelligence Department, Ms Grace Akullo, could not comment on the matter as she was reportedly attending a meeting yesterday.
On May 22 2013, Posta Uganda managing director James Arinaitwe wrote that various actions were being taken by management to address the concerns previously raised by various stakeholders about the state of the properties of Posta Uganda.
A letter to one of the accused directors shows that his actions contradicted his role as a director in Posta Uganda which prompted investigations into alleged irregular acquisition of company property and causing financial loss of Shs192 million.