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Sunday, April 21 2013

Ex-Minister Isaac Musumba was facing police in India over extortion allegations
The media has been awash with the news of the arrest of former
Regional Cooperation Minister Isaac Musumba and Igara East legislator, Michael Mawanda Maranga who were arrested in India for extortion and fraudulent removal of property from VIDEOCON, an electronics company in India.

As confirmed by the Mumbai Mirror, the two officers with the help of one Yakuba Mathai who runs a mining company visited Videocon offices on Thursday with claims that Interpol had issued an International warrant of arrest for the company directors.

According to the Ugandan Officials, Videocon had invested in a mining business way back in 2009, but the four directors dissolved the business and left the country within six months after signing a memorandum of understanding (MOU). This left several investors duped.

Last Thursday, The four directors of Videocon were advised through other staff members that they had a delegation from Uganda to meet at Trident Hotel in Mumbai. The Videocon legal team headed straight to the Hotel to establish the purpose for the visit.

On arrival at the hotel, the Videocon team was told that the four directors would only be let off the hook if they paid $20 million now that they had not paid a penny for the mining licence they had taken with them in 2009 following an MOU they had signed with a mining company in Uganda.

The next thing the former Minister and his client were faced with were Indian police officers interrogating them about the issue.

The former minister is safe at his hotel room no. 33, 11th floor, Trident Hotel and is expected in the country by Tuesday. A source adds: "Neither Isaac Musumba, nor his client, recorded a statement with the Police. They however responded to Police questions at the lobby of Trident Hotel."
Related: Salaam Musumba Responds to Hubby's Arrest

Posted by: uowd AT 01:55 pm   |  Permalink   |  Email

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