The Chairperson of the Parliamentary Committee on Commissions, Statutory Authorities and State Enterprises Abdu Katuntu has re-assured the public of transparency in the ongoing probe into Bank of Uganda.
The committee is probing the perceived illegal closure of commercial banks, characterized by hideous tendencies and collusion as reported by the auditor general.
The banks include; Teefe Trust Bank, International Credit Bank Ltd, Greenland Bank, Uganda Co-operative Bank, National Bank of Commerce, Global Trust Bank and Crane Bank Ltd.
Auditor General John Muwanga queried among others, the absence of inventory reports, the absence of asset movement schedules or ledgers indicating the bank assets at closure, the assets sold and their selling price, as well as performing and nonperforming loans.
However, yesterday, President Yoweri Museveni said that the process in which the committee is conducting business is ugly, saying that a closed door probe would be more desirable.
But Katuntu, in his response this morning, said that a closed door process would cause public speculation and that there is no cause for worry in the path taken by the committee.
