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State to recover stolen assets worth Sh577m

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The government plans on recovering Sh577 million-worth of assets and property acquired through suspected corruption and hidden in off-shore accounts.

National Treasury’s Asset Recovery Agency has begun working with the UK government to repatriate Sh52 million from a small printing company at the heart of the “Chickengate Scandal”—Smith and Ouzman. The London-based security printer was accused of bribing top government officials a total of Sh47 million to seal lucrative Independent Electoral and Boundaries Commission (IEBC) and Kenya National Examination Council contracts.

“The Multi-agency team has traced and is in the process of preparing to seize property and assets acquired using proceeds of corruption,” said National Treasury CS Henry Rotich.

He said Treasury also expects another Sh525 million from the Jersey Island government. The monies are proceeds from an entity that was used to transfer illicit money from Kenya Power.

Proceeds from Smith and Ouzman will be used to procure 11 ambulances for a number of hospitals while those from Jersey Island will be allocated to other projects.

State to recover stolen assets worth Sh577m Reviewed by on . The government plans on recovering Sh577 million-worth of assets and property acquired through suspected corruption and hidden in off-shore accounts. National T The government plans on recovering Sh577 million-worth of assets and property acquired through suspected corruption and hidden in off-shore accounts. National T Rating: 0
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