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UTL cash crisis: MPs blame government officials for abdicating supervisory role

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Legislators have faulted the finance ministry and the telecom sector regulator for abdicating their responsibility over Uganda Telecom leading to the financial woes that brought the company to it knees. MPs on the select committee set up to investigate alleged mismanagement in UTL argued that even when government held minority shares in the company, it neglected its supervisory role. Government which has now regained its 100% shares in the company had until Wednesday, 31 shares with 69 being held by UCOM, a Libyan company.Subscribe to Our ChannelFor more news visit http://www.ntv.co.ugFollow us on Twitter http://www.twitter.com/ntvugandaLike our Facebook page http://www.facebook.com/NTVUganda

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