Incoming reports are suggesting that Bank of Uganda deputy governor Louis Kasekende and Timothy K. Masembe of MMKAS Advocates played a key role in central bank’s recruitment of new lawyers, J. B. Byamugisha Advocates.
J B. Byamugisha Advocates last week in a notice to court said they had been recruited to represent Bank of Uganda in a case against Sudhir Ruparelia. However Eagle Online reports that Byamugisha is a close ally of Masembe.
It should be remembered that in December 2017 Commercial Court disqualified city lawyers Timothy K. Masembe and David Mpanga from representing Bank of Uganda against Sudhir Ruparelia due to conflict of interest. The dual had prior done some work for the businessman and were privy to information they could use against him.
But according to emerging report, Masembe as a lawyer and a friend to Kasekende is still running or influencing matters at the central bank officially or unofficially.
The central bank’s recruitment of Byamugisha came after court said Lule and Sebalu advocates are too conflicted to represent any entity against Ruparelia because, like Masembe and Mpaga, they are conflicted having recently worked for the businessman.
Eagle Online has reliably learnt Counsel Masembe who was a lawyer for Dr. Byamugisha during his tenure when was an external lawyer for National Social Security Fund had participated heavily in having Byamugisha replace Lule and Sebalu.
Eagle Online has also reliably learnt that Dr. Byamugisha was a legal counsel for Mr Masembe representing him on the transaction of the legal fees that were paid by BoU during the Crane bank takeover.
Byamugisha who also comes from Kabale district like BoU Governor Emmanuel Mutebile is also a member of a well networked group of influential individuals who hail from same district.