Tuesday, 7 March 2017

Gichuru, Okemo Jersey millions to be returned to Kenya

More than Sh380 million that was stashed abroad would be returned to Kenya in a deal signed by the government and the UK.
The two countries signed an agreement on March 3 this year paving the way for the return of the money.
The agreement is the latest step taken by both governments to secure the return of the funds, which were confiscated by the Royal Court of Jersey in February 2016.
This is after defendant company Windward Trading Limited, associated with former Kenya Power boss Samuel Gichuru, pleaded guilty to four counts of laundering the proceeds of corruption.
The corrupt activities took place in Kenya and in May 2011, the UK issued a warrant of arrest against Mr Gichuru and former Nambale MP Chris Okemo over alleged corruption and money laundering.
The Attorney General of Jersey requested the extradition from Kenya, of the two leaders to face money laundering charges in Jersey in connection with Windward's activities.
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