Pandora Papers confirmed wealthy Kenyans' insecurity

 foreign accounts.

In 2018, the Business Daily, quoting the National Bureau of Economic Research, a US think tank, reported that Kenyans held Sh5 trillion in offshore tax havens. 

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Pandora’s box • The Pandora Papers have confirmed that “the high and mighty have never felt their money is secure in local banks”, says Chris Kiriba. Echoing President Uhuru Kenyatta’s remark that the “audits will lift the veil of secrecy and darkness for those who can’t explain their assets or wealth”, he adds that things are unravelling on the Virgin Islands and Jersey money havens. His contact is [email protected].

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