Written By John Mutiso 📝
Interpol investigating a possible money-laundering ring that wired Sh25.6 billion to Kenyan bank accounts
Three Nigerians suspected of having the support of a powerful Kenyan politician and two Kenyans wired Sh25.6 billion between October and November 2020, raising concerns in Europe and at the global police agency Interpol about possible money laundering.
Bank statements provided by a European investigator revealed a cross-continental operation that moved large sums of money to Kenyan banks and wired them to multiple companies registered locally with shared ownership and suspect addresses.
Over the course of two months, more than ten companies owned by the same individuals and registered under nearly identical names in Kenya, Dubai, the United States, Nigeria, Ghana, and Hong Kong were involved in the cash movement.
A Kenyan politician and two Nigerians have been placed at the center of multi-billion shilling transactions that Kenya’s Assets Recovery Agency (ARA) and Interpol suspect are part of a money-laundering scheme, with the sources of the cash suspected to be a criminal enterprise.
For legal reasons, we are unable to identify the politician who was apprehended in both ARA and Interpol reports in this story.
So far, Kenya’s High Court has frozen Sh5.6 billion in six bank accounts due to allegations of money laundering, pending the filing of a petition to have the money forfeited to the government.
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