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The looting of Kenya under President Moi

08/31/07

The looting of Kenya under President Moi

Permalink 12:39:44 pm, Categories: Current Events and News, Wikileaks, 277 words

One of the few places I will syndicate for... http://www.wikileaks.org has just released the follow information that I would like to pass onto you. Please be sure to read the full report linked to at the end of this post.

Kenya's missing billions. A suppressed investigative report into Presidential grand corruption finally sees the light.

The suppressed U.K auditors report reveals that currency worth billions of U.S dollars was looted from Kenya by former Kenyan President Moi and his associates. The money was laundered across the world, from million pound properties and shell companies in London, properties in Newyork and South Africa and a 10,000 hectare ranch in Australia, to US$200-$700 million laundered via Swiss bank UBP.

The countries involved in the laundering operation include Australia, Belgium, Brunei, Canada, Dubai, Finland, Germany, Grand, Cayman, Israel, Italy, Japan, Jersey, Leichtenstein, Liberia, Luxembourg, Malawi, Namibia, the Netherlands, Puerto, Rico, Russia, Somalia, South, Africa, Sudan, Switzerland, Uganda, the United Kingdom, the United States and Zaire.

The intricately detailed report, commissioned by President Kibaki after his 2002 election victory but later suppressed, forensically investigates corrupt transactions and holdings by several powerful members of the Kenyan elite.

The sums are comparable in magnitude to the looting of infamous kleptocrats such as Mobutu (Zaire), Marcos (Philippines), Abacha (Nigeria), Suharto (Indonesia) and Fujimori (Peru). The leaked material is extremely politically sensitive. Ex-President Moi has become a key player in political life in Kenya, and is now an essential pillar in President Kibaki's campaign for re-election in December 2007.

Original KTM report: http://wikileaks.org/wiki/KTM_report.pdf
Full analysis : http://wikileaks.org/wiki/The_looting_of_Kenya_under_President_Moi

Permalink 2 comments

Comments:

Comment from: Cameron [Visitor]
Is the idea of a state still viable or are the corporates the new order?
Permalink 09/01/07 @ 12:12
Comment from: Forex TraDer [Visitor]
How can Kenya miss billions? Let's be serious for a bit and analyze its economy... Where are those billions supposed to be coming from? Just a joke of the media.
Permalink 01/16/08 @ 19:36

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