Crime

BoU Honcho under Investigation over Tax Evasion

Bank of Uganda Executive Director in charge of supervision, Justine Bagyenda is set to be investigated by the Inspector General of Government for evading tax.

Our highly placed sources have revealed that Bagyenda has evaded Income tax for over ten years.

“Bagyenda has rented her Nagulu apartments for over ten years but she has never remitted Income tax from the millions she has earned overtime,” revealed the source.

Bank of Uganda Executive Director in charge of supervision, Justine Bagyenda

IGG Spokesperson Munira Ali confirmed that they already held a meeting with the petitioner Dick Kimeze to understand the issues raised.

This website understands that Uganda Revenue Authority (URA), has already begun investigations into the matter.

It is also on record that the Inspector General of Government is investigating allegations that Ms. Bagyenda made incorrect declaration of assets contrary to the Leadership Code, 2002.

Officials from the IGG’s office are set to meet city lawyer Dennis Nyombi, to ascertain whether Ms. Bagyenda made false declarations about her assets including land and houses.

Among the property she allegedly falsely-declared are houses in Ntinda, Naguru, Bugolobi and Kulambiro.

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