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Rugiirwa Katatumba remanded over Shs120m debt

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City businessman Rugiirwa Katatumba has been remanded to Kitalya prison after he failed to clear Shs120 million he acquired from Prime Finance Company.

Katatumba is a son to the deceased businessman and former Consular of the Pakistan Islamic Republic in Uganda Boney Katatumba.

Appearing before the Buganda Road Court Magistrate, Fidelis Otwawo, Rugiirwa was charged with obtaining money by false pretense.

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He denied the charges, but was denied bail because he had allegedly jumped a police bond. His lawyer sought for an adjournment to today to make a full reply against the objection to his client’s bail application.

Prosecution avers that between September, October and November 2019 Rugiirwa obtained Sh120 million from Prime Finance Company Limited located at Crane Chambers in Kampala and promised with an interest.



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Source – Eagle Online

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