Sign in
Download Opera News App

News Politics




Africa politics

Pandora Papers: List of 10 Offshore Companies Linked to Kenyatta Family

President Uhuru Kenyatta and 6 members of his family were linked to a network of offshore companies, one among which reportedly holds assets valued at US$30 million (KSh 3.31 billion).

This was in step with the International Consortium of Investigative Journalists (ICIJ), an independent network of quite 250 investigative journalists and over 100 media organisations across the planet. BBC News reported the Pandora Papers, which analysed over 12 million files, was the most important leak in history.

The ICIJ discovered the primary family's offshore investments in Panama, nation Virgin Islands and other tax havens.

According to CNN, most of the offshore companies were created before Uhuru was elected Kenya's fourth president in 2013.

Below are the names of the offshore companies linked to the Kenyatta family as compiled.

1. Milrun International Limited

The Pandora Papers revealed the corporate was co-founded by Mama Ngina Kenyatta and her two daughters, Kristina and Anna, in 1999. Mama Ngina is that the fourth wife of Kenya's founding president Mzee Jomo Kenyatta and Uhuru's mother.

Milrun International Limited was incorporated within the British Virgin Islands. A Panamian business firm identified as Alcogal was involved within the fitting of the corporate.

The firm which specialises within the administration of offshore companies supplied staff to Milrun to act directors.

2. Varies Foundation

Varies Foundation was founded in 2003, just a year after Uhuru was defeated within the 2002 presidential election by Narc's Mwai Kibaki. it absolutely was reported that after Kibaki came into power and promised a crackdown on corruption, the Moi family, who was friends with the Kenyatta's, moved huge sums of cash out of the country.

Uhuru's mother, Mama Ngina, born in April 1933, was named because the first beneficiary.

3. Criselle Foundation

President Uhuru's younger brother, Muhoho, reported to be running the Kenyatta empire, established Criselle Foundation in 2003 with the assistance of UBP private-wealth advisers. Alcogal also ran the entity whose first beneficiary was Muhoho. His son Jomo Kamau Muhoho was listed as his successor.

4. Valberg Foundation Based in Panama, the corporate was suspended as of November 26, 2019.

5. Wesmar Finance Ltd it absolutely was launched in 2003 within the British Virgin Islands.

6. Galanes Finance Limited Based in BVI, it absolutely was founded in 2011 and as of November 2018 it had been struck off for non-payment of an annual fee.

7. Hawkings International Limited.

According to Africa Uncensored, the firm was created in 2012 just a year before Uhuru was elected Kenya's president.

It is located within the British island and is managed by Muhoho Kenyatta.

8. Leonor Estates Inc

Leonor Estates Inc was formed in 2012 within the British island.

9. Pictor Finance Limited

It is also based within the British Virgin Islands.

10. MaClay Foundation.

The foundation was active in Panama as of May 2020.

Client 13173

The Pandora Papers exposed how Uhuru and his family have secretly been accumulating wealth through their offshore companies. in step with the ICIJ, Uhuru along with his mother, sisters and brother shielded their wealth from public scrutiny.

Content created and supplied by: @Kennedy_Ayekha (via Opera News )

ICIJ Kenya Kenyatta Milrun International Limited Uhuru Kenyatta


Load app to read more comments