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If
African political news is what fascinates you the most, then the news
of signing a deal between Kenya and Jersey for the return of
misappropriated funds to Nairobi will be surely likable. It is about the
remarkable step taken by Jersey and Kenya governments to fight the
financial corruption issues and secure the stolen funds again. Samuel
Gichuru, the ex chief Executive of KLPC (Kenya Power and Lighting
Company) was involved in the misappropriation of funds amounting to more
than $3.8 million that were seized by the Royal Court of Jersey in last
February. The return process of money has been finalized with signing
of an agreement between the two concerned government after dealing with
all legal complicacies of seizing and asset sharing that took around a
year.
Both
the owner of Windward Trading Limited (Gichuru) and ex energy minister
of Kenya (Chrysanthus Okemo ) were found guilty of money laundering
charges that left Kenya deprived of its exclusive funds for more than
five years. By signing an agreement with the Government of Jersey, Kenya
will be able to get back its fund without any further difficulty.
Taking
advantage of their high posts, Chrysanthus Okemo and Gichuru instigated
financial crime and were fighting against their expatriation
proceedings initiated by Jersey Government for this crime since June
2011.
Jersey
not just cooperated with Kenya to seize and secure its money lost to
criminal activities like money laundering but also gave a strong message
to the world to stand for such causes in future also.
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