Home » Breaking News, Uganda News » City Tycoon, Basajjabalaba in Forgery Probe

By Jane Nambi

City Tycoon and businessman, Hassan Basajjabalaba is in a forgery probe which involves tax exemption worth sh142b.

According to the Daily Monitor, police are investigating whether the consent court judgement which exempted HABA Group of Companies from paying taxes worth sh142 in government compensation claims was forged or not.

All directors of the company, including Basajjabalaba, are being interviewed by police to help in the investigation.

The probe followed advice from the Director of Public Prosecutions to the Criminal Investigations Directorate.

The money was supposed to be in payment of compensation for city properties which the company had been forced to cede to the government.

HABA was supposed to pay over Shs900 million to government agencies but received the compensation and did not pay income tax on it, a matter that is now the subject to police investigation.

CID Director Grace Akullo confirmed that HABA directors are wanted to record statements with detectives investigating the matter. “It is true that we have summoned them but they have not appeared. We are looking for them,” she said.

However, despite the probe, no charge has been laid against the directors but investigators say they are looking for evidence whether the consent judgment submitted to circumnavigate the tax bill is a forgery, which would be contrary to Section 349 of the Penal Code Act.

The Shs142b compensation by the government arose from the reversing of the Kampala City Council decision to sell three markets-Nakasero, Shauriyako and St.Balikuddembe (Owino) and the Constitution Square to Basajjabalaba.