May 19, 2022

Uhuru family’s secret offshore assets exposed by International Journalists

Share Article

President Uhuru Kenyatta’s family secretly owned network of offshore companies have been exposed.

The Pandora Papers said that the family has 13 offshore companies from 12 million files collected in Britain and Swiss.

The companies are directly linked to seven members of the Kenyatta family are connected to 11 offshore companies and foundations.

The publication by the International Consortium of Investigative Journalists is the biggest leak in history.

“The documents reveal that family members have used offshore companies to own three properties in the United Kingdom. One, a flat near Westminster in London, now worth an estimated £1m, was until this summer rented out to a British Member of Parliament, although she did not know who owned it,” the International Consortium of Investigative Journalists said.

Uhuru’s younger brother, Muhoho Kenyatta, owned an offshore company with a portfolio of cash, stocks and bonds worth $31.6m in 2016.

The reporters said that the Papers contain only a handful of clues about the purpose of the Kenyattas’ offshore interests or what funds they might have placed in these secretive entities.

One document simply says a company in the British Virgin Islands (BVI) had been set up by Kenyatta family members with “savings from their family and their activities”.

 

Leave a Reply

Your email address will not be published.