By; Peter Ssebulime
The interdicted Uganda Investment Authority UIA Jolly Kaguhangire has defied the resolution by the UIA board of directors in the 51st sitting that recommended her for a forced leave of three month as a select committee investigates the corruption allegations levied against her.
Kaguhangire says the decision reached by the board is invalid, ultra vires, illegal since it did not follow the laws and regulations governing UIA, standard corporate practice.
In her letter in response to her interdiction, Kaguhangire said one of the members who participated in her interdiction had an interest in the matter which is contrary to section 4.4 of the board manual,
Secondly, the issue touching on the ED was not on the agenda so deliberating on it was contrary to section 4.1,2(b),
It should be noted that The board that sat on Tuesday June 26th resolved to interdict Kaguhangire on grounds of abuse of office, insurbodination, misleading and lying to the board, non compliance with implementation of the strategic plan contrary to directives of the ministry of finance and board of directors.
Kaguhangire was also directed to hand over the office to Mr. Basil Ajer, the director SME and STI who will act as ED for the three months of her interdiction.
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