City businessman Rugiirwa Katatumba has been remanded to Kitalya prison after he failed to clear Shs120 million he acquired from Prime Finance Company.
The heir to the family was on 27th January committed to the Kitalya Government Prison over obtaining credit by pretence.
Rugiirwa Katatumba who is fallen tycoon Bonny Katatumba’s twin son is alleged to have obtained money by false pretence. The Chief Magistrate, Fidelis Otwawo, sitting at the Kampala Holden Court, Buganda Road sent him to prison the fast-lane loving socialite to Kitalya on 27th January 2021 and will be reproduced in court on the 29th of January, 2021.
He denied the charges but was denied bail because he had allegedly jumped a police bond. His lawyer sought 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.
The flamboyant Rugiirwa is known to hobnob with Kampala’s top tycoons splashing money on expensive whiskey, Cuban cigars and high end 4×4 cars.
Katatumba is a son to the deceased businessman and former Consular of the Pakistan Islamic Republic in Uganda Boney Katatumba.