The last few days have not been the best for President Uhuru Kenyatta and his family following an Exposee of their dark financial secrets. The President together with his family are reported to have Stashed billions in foreign accounts to avoid taxes and scrutiny.
There have been suggestions that the President did not have anything to do with the offshore accounts and that he is safe from prosecution. However, this is not true judging from recent developments.
The President has been mentioned as the second Beneficiary in a Varies Foundation which has offshore accounts in Panama. This alone could land Uhuru in trouble if we look at the 2012 wealth declaration act which states that A State officer shall not open or operate a bank account outside Kenya without the approval of the Ethics and Anti-Corruption Commission.
The constitution is also clear that a State officer who fails to declare operation or control of a bank account outside Kenya commits an offense and shall, upon conviction, be liable to imprisonment for a term not exceeding five years, or a fine not exceeding Sh5 million or both.
The revelations could be followed by criminal charges against the President when his term comes to an end in 2022. In a recent court ruling, the High Court ruled that the President can be sued and charged at a personal capacity when he is out of office.
It now remains to be seen how the situation will pan out.
Meanwhile, share with us your thoughts on the matter kindly.
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