Ichungwa: KRA Obligated to Check Offshore Accounts in the Pandora Papers

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Kikuyu MP Kimani Ichungwa has revealed plans by the Kenya Kwanza administration to follow up on money stashed abroad by prominent individuals to see if they had paid their taxes to the Kenyan government before depositing their monies offshore.

In October 2021, leaked files disclosed the Kenyattas secretly owned a web of offshore companies in Panama and the British Virgin Islands. The Pandora Papers – 12 million files – was the biggest such leak in history. Mr. Kenyatta and six members of his family were linked to 13 offshore companies.

The former head of state family’s offshore investments, including a company with stocks and bonds worth $30m, were discovered among the leaked hundreds of thousands of pages of administrative paperwork.

The Pandora Papers showed that a foundation called Varies was set up in 2003 in Panama, naming Mr Kenyatta’s mother, Ngina, 89, as the first benefactor – and Uhuru Kenyatta as the second benefactor, who would inherit it after her death.

The purpose of the foundation and the value of its assets are unknown.

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