Anxiety as more Panama Papers set to be published
Deputy Chief Justice Kalpana Rawal on November 19, 2015 during the launch of the Judiciary Strategic Plan in Nairobi. In the April release of the Panama Papers prominent Kenyans who were linked to the secret offshore dealings was Deputy Chief Justice Kalpana Rawal and her husband Mr Hasmukhrai Rawal and Mr Joshua Kulei. PHOTO | EVANS HABIL | NATION MEDIA GROUP
What you need to know:
In the April release, among prominent Kenyans who were linked to the secret offshore dealings was Deputy Chief Justice Kalpana Rawal and her husband Mr Hasmukhrai Rawal.
The April release also named Peter Alfred Ndakwe, the man who was at the centre of the Sh1.9 billion pyramid scheme.
Chapter Six of the Kenyan constitution states: “A State officer shall not maintain a bank account outside Kenya except in accordance with an Act of Parliament.”
Big names around the world, including possibly some Kenyans, who operate secret offshore companies and accounts are on edge as more leaked papers are set to be published Monday.
The International Consortium of Investigative Journalists on April 27 announced it would publish what will likely be the largest-ever release of data about secret offshore companies and the people behind them.
“The searchable database will include information about more than 200,000 companies, trusts, foundations and funds incorporated in 21 tax havens, from Hong Kong to Nevada in the United States,” the group said in a statement.
According to the statement sent to their subscribers, the release is the next step in its ongoing year-long investigation. The statement even promises more such releases to come after Monday.
The release will come just a month after the consortium published 11.5 million documents leaked from Panamanian law firm Mossack Fonseca, detailing the names of companies, trusts and accounts used by prominent people to open and operate firms and accounts in tax havens.
In the April release, among prominent Kenyans linked to the secret offshore dealings was Deputy Chief Justice Kalpana Rawal and her husband Hasmukhrai Rawal, and former President Daniel arap Moi’s business associate Joshua Kulei, whose company Broadland Overseas SA is now being managed by former Mumias chief financial officer Chris Kisire.
The April release also named Peter Alfred Ndakwe, the man at the centre of a Sh1.9 billion pyramid scheme.
Also listed were prominent sports personality Lionel Messi, Khulubuse Zuma, a nephew of South African President Jacob Zuma, and Democratic Republic of Congo President Joseph Kabila’s twin sister Jaynet Désirée Kabila.
Chapter Six of the Kenyan Constitution states: “A State officer shall not maintain a bank account outside Kenya except in accordance with an Act of Parliament.”
