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3 Pages<123>
Data Breach - Panama Papers
mawinder
#21 Posted : Tuesday, April 05, 2016 7:06:33 AM
Rank: Elder


Joined: 4/30/2008
Posts: 6,023

Some correction on the article. Praful Shah formerly of Trust Bank is not in hiding. A friend works for him and meets him almost daily
¿
#22 Posted : Tuesday, April 05, 2016 8:15:10 AM
Rank: Member


Joined: 6/4/2015
Posts: 604
murchr wrote:
Mike Ock wrote:
This revelation will go nowhere. It's trying to touch the untouchables of the world


Nothing will happen in Kenya but right now 800 individuals from Australia are now under investigation by the tax man..other investigations have began in France etc

In Iceland, the Prime Minister is under pressure to resign..lets see how the cookie crumbles


It should be interesting.
chemirocha
#23 Posted : Tuesday, April 05, 2016 11:28:25 AM
Rank: Member


Joined: 1/30/2016
Posts: 332
Location: Rift Valley
Personally I am underwhelmed by the investigative work being done by the Kenyan partners involved in these leaks.

The shady dealings of a grandmother and a long forgotten ponzi scheme is not explosive material.
masukuma
#24 Posted : Tuesday, April 05, 2016 11:41:52 AM
Rank: Elder


Joined: 10/4/2006
Posts: 13,522
Location: Nairobi
by the way - on whom does the burden of proof lie in the claim that the companies are used for corrupt purposes?

Are you supposed to "come clean" on your own or is GOK supposed to show that these companies are "dirty"? i.e. are you supposed to show your innocence or is GOK supposed to show your guilt - especially if you are a private citizen.
All Mushrooms are edible! Some Mushroom are only edible ONCE!
Taurrus
#25 Posted : Tuesday, April 05, 2016 1:53:38 PM
Rank: Member


Joined: 8/25/2015
Posts: 819
Location: Kite
The Kenyan client was Mr Ndakwe, an author of several Christian books and whose born-again credentials endeared him to the pyramid scheme victims. Mr Ndakwe also ran another company, Kings Script Publishers Ltd, which not only published his books, but also collected money from the public

Sad Sad Sad
Taurrus
#26 Posted : Tuesday, April 05, 2016 1:56:30 PM
Rank: Member


Joined: 8/25/2015
Posts: 819
Location: Kite
Clip was the second largest pyramid scheme after Deci — founded by George Odinga Donde and Mary Odinga — which took Sh2.4 billion from its 93,485 members.

Mawinder Habari?smile
Much Know
#27 Posted : Tuesday, April 05, 2016 2:33:57 PM
Rank: Elder


Joined: 12/6/2008
Posts: 3,469
masukuma wrote:
by the way - on whom does the burden of proof lie in the claim that the companies are used for corrupt purposes?

Are you supposed to "come clean" on your own or is GOK supposed to show that these companies are "dirty"? i.e. are you supposed to show your innocence or is GOK supposed to show your guilt - especially if you are a private citizen.

As a Kenyan judge, one is subject to the special constitutional requirement to uphold "high moral character", there is no hair splitting on this. If so many Kenyans are saying what she is doing in assisting capital flight for years from Kenya is immoral, if the entire global press thinks these are immoral people, why shouldn't the judiciary drop her immediately for the questions arising from her association with well known thugs? She will wait for courti bandia about her morals the same way she is fighting the constitution on the very clear 70 year age limit. The JSC told us this woman is a liar, did she tell JSC about her side hustle as a capital flight expert!!! Now this! This panama thing is associated with thieves, conman, capital flight experts, it seems everyone in the world including those who released this details were clearly exposing the stinking potholes of the Illuminati.
A New Kenya
murchr
#28 Posted : Tuesday, April 05, 2016 2:37:03 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,611
masukuma wrote:
by the way - on whom does the burden of proof lie in the claim that the companies are used for corrupt purposes?

Are you supposed to "come clean" on your own or is GOK supposed to show that these companies are "dirty"? i.e. are you supposed to show your innocence or is GOK supposed to show your guilt - especially if you are a private citizen.


What are you trying to say?

Data is there, its up to the investigatives authorities to find out if money laundering laws were broken. If Ndakwe is the director of this company and the rest are factitious, the courts can order the govt to posses the property and compensate victims - as in the case of pyramid schemes - or penalize the company on taxes evaded

http://www.vertic.org/me...ceeds_Crime_AML_Act.pdf
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
masukuma
#29 Posted : Tuesday, April 05, 2016 2:55:23 PM
Rank: Elder


Joined: 10/4/2006
Posts: 13,522
Location: Nairobi
are there perfectly legal reasons to have briefcase companies in liechtenstein, panama or jersey islands? if so - then then why put a blanket statement on all names that appear on this website? again who really wants to pay tax unless they have to? if you find a perfectly legal way to skive taxation and the nosey taxman - more power to you!

I am not sure about this jurisdiction but in some countries - this data would not be admissible in court! it was the result of an illegality to begin with and that ruins the case. there are cases where a former police dog sniffs the boot of a car and smells narcotics then gives the narcotics found sign and the police officer who now owns the dog arrests the owner and opens the boot - the case is thrown out because the means of getting evidence is just as important as the court case itself. if evidence is all that mattered then why do we frown upon torture?
All Mushrooms are edible! Some Mushroom are only edible ONCE!
Robinhood
#30 Posted : Tuesday, April 05, 2016 3:13:01 PM
Rank: Elder


Joined: 12/11/2008
Posts: 2,306
murchr wrote:
masukuma wrote:
by the way - on whom does the burden of proof lie in the claim that the companies are used for corrupt purposes?

Are you supposed to "come clean" on your own or is GOK supposed to show that these companies are "dirty"? i.e. are you supposed to show your innocence or is GOK supposed to show your guilt - especially if you are a private citizen.


What are you trying to say?

Data is there, its up to the investigatives authorities to find out if money laundering laws were broken. If Ndakwe is the director of this company and the rest are factitious, the courts can order the govt to posses the property and compensate victims - as in the case of pyramid schemes - or penalize the company on taxes evaded

http://www.vertic.org/me...ceeds_Crime_AML_Act.pdf


Can someone please remind me what happened to the money laundering fiasco involving one Okemo and Gichuru? Same will happen to any Kenyann on the list.
Great men are not always wise, neither do the aged understand judgement...
murchr
#31 Posted : Tuesday, April 05, 2016 4:22:01 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,611
Robinhood wrote:
murchr wrote:
masukuma wrote:
by the way - on whom does the burden of proof lie in the claim that the companies are used for corrupt purposes?

Are you supposed to "come clean" on your own or is GOK supposed to show that these companies are "dirty"? i.e. are you supposed to show your innocence or is GOK supposed to show your guilt - especially if you are a private citizen.


What are you trying to say?

Data is there, its up to the investigatives authorities to find out if money laundering laws were broken. If Ndakwe is the director of this company and the rest are factitious, the courts can order the govt to posses the property and compensate victims - as in the case of pyramid schemes - or penalize the company on taxes evaded

http://www.vertic.org/me...ceeds_Crime_AML_Act.pdf


Can someone please remind me what happened to the money laundering fiasco involving one Okemo and Gichuru? Same will happen to any Kenyann on the list.



Some Sh577 million stashed abroad from two major scandals linked to Kenyans has been recovered, the EACC has reported.

The money withheld by the UK government will not be directly channeled to the exchequer, but committed to social development projects, said CEO Halakhe Waqo.

The Jersey scam involves former Energy minister Samuel Gichuru and former Nambale MP Chris Okemo. They were accused of hiding more than Sh525 million on Jersey Island in a Windward Trading bank account.

The company had pleaded guilty to four counts of money laundering before the Royal Court of Jersey.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Othelo
#32 Posted : Tuesday, April 05, 2016 4:50:04 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
murchr wrote:
Robinhood wrote:
murchr wrote:
masukuma wrote:
by the way - on whom does the burden of proof lie in the claim that the companies are used for corrupt purposes?

Are you supposed to "come clean" on your own or is GOK supposed to show that these companies are "dirty"? i.e. are you supposed to show your innocence or is GOK supposed to show your guilt - especially if you are a private citizen.


What are you trying to say?

Data is there, its up to the investigatives authorities to find out if money laundering laws were broken. If Ndakwe is the director of this company and the rest are factitious, the courts can order the govt to posses the property and compensate victims - as in the case of pyramid schemes - or penalize the company on taxes evaded

http://www.vertic.org/me...ceeds_Crime_AML_Act.pdf


Can someone please remind me what happened to the money laundering fiasco involving one Okemo and Gichuru? Same will happen to any Kenyann on the list.



Some Sh577 million stashed abroad from two major scandals linked to Kenyans has been recovered, the EACC has reported.

The money withheld by the UK government will not be directly channeled to the exchequer, but committed to social development projects, said CEO Halakhe Waqo.

The Jersey scam involves former Energy minister Samuel Gichuru and former Nambale MP Chris Okemo. They were accused of hiding more than Sh525 million on Jersey Island in a Windward Trading bank account.

The company had pleaded guilty to four counts of money laundering before the Royal Court of Jersey.

Don't expect any action from Jubilee Governament!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
masukuma
#33 Posted : Tuesday, April 05, 2016 4:57:25 PM
Rank: Elder


Joined: 10/4/2006
Posts: 13,522
Location: Nairobi
murchr wrote:
Robinhood wrote:
murchr wrote:
masukuma wrote:
by the way - on whom does the burden of proof lie in the claim that the companies are used for corrupt purposes?

Are you supposed to "come clean" on your own or is GOK supposed to show that these companies are "dirty"? i.e. are you supposed to show your innocence or is GOK supposed to show your guilt - especially if you are a private citizen.


What are you trying to say?

Data is there, its up to the investigatives authorities to find out if money laundering laws were broken. If Ndakwe is the director of this company and the rest are factitious, the courts can order the govt to posses the property and compensate victims - as in the case of pyramid schemes - or penalize the company on taxes evaded

http://www.vertic.org/me...ceeds_Crime_AML_Act.pdf


Can someone please remind me what happened to the money laundering fiasco involving one Okemo and Gichuru? Same will happen to any Kenyann on the list.



Some Sh577 million stashed abroad from two major scandals linked to Kenyans has been recovered, the EACC has reported.

The money withheld by the UK government will not be directly channeled to the exchequer, but committed to social development projects, said CEO Halakhe Waqo.

The Jersey scam involves former Energy minister Samuel Gichuru and former Nambale MP Chris Okemo. They were accused of hiding more than Sh525 million on Jersey Island in a Windward Trading bank account.

The company had pleaded guilty to four counts of money laundering before the Royal Court of Jersey.

if I understand it correctly - the money was stashed there were proceeds of a scam (kickback) - right? so once you have established an illegality then you trace the money - it could be in family bank, equity or even the caymans - right? other than raising eyebrows there is nothing really illegal about stashing your cash in some tax haven somewhere - that is why they exist in the 1st place.
All Mushrooms are edible! Some Mushroom are only edible ONCE!
murchr
#34 Posted : Tuesday, April 05, 2016 5:05:51 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,611
masukuma wrote:
murchr wrote:
Robinhood wrote:
murchr wrote:
masukuma wrote:
by the way - on whom does the burden of proof lie in the claim that the companies are used for corrupt purposes?

Are you supposed to "come clean" on your own or is GOK supposed to show that these companies are "dirty"? i.e. are you supposed to show your innocence or is GOK supposed to show your guilt - especially if you are a private citizen.


What are you trying to say?

Data is there, its up to the investigatives authorities to find out if money laundering laws were broken. If Ndakwe is the director of this company and the rest are factitious, the courts can order the govt to posses the property and compensate victims - as in the case of pyramid schemes - or penalize the company on taxes evaded

http://www.vertic.org/me...ceeds_Crime_AML_Act.pdf


Can someone please remind me what happened to the money laundering fiasco involving one Okemo and Gichuru? Same will happen to any Kenyann on the list.



Some Sh577 million stashed abroad from two major scandals linked to Kenyans has been recovered, the EACC has reported.

The money withheld by the UK government will not be directly channeled to the exchequer, but committed to social development projects, said CEO Halakhe Waqo.

The Jersey scam involves former Energy minister Samuel Gichuru and former Nambale MP Chris Okemo. They were accused of hiding more than Sh525 million on Jersey Island in a Windward Trading bank account.

The company had pleaded guilty to four counts of money laundering before the Royal Court of Jersey.

if I understand it correctly - the money was stashed there were proceeds of a scam (kickback) - right? so once you have established an illegality then you trace the money - it could be in family bank, equity or even the caymans - right? other than raising eyebrows there is nothing really illegal about stashing your cash in some tax haven somewhere - that is why they exist in the 1st place.


It all depends with the situation. If it was money obtained from a scam or in corrupt deals your goose is cooked.

"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
masukuma
#35 Posted : Tuesday, April 05, 2016 6:57:35 PM
Rank: Elder


Joined: 10/4/2006
Posts: 13,522
Location: Nairobi
murchr wrote:
masukuma wrote:
murchr wrote:
Robinhood wrote:
murchr wrote:
masukuma wrote:
by the way - on whom does the burden of proof lie in the claim that the companies are used for corrupt purposes?

Are you supposed to "come clean" on your own or is GOK supposed to show that these companies are "dirty"? i.e. are you supposed to show your innocence or is GOK supposed to show your guilt - especially if you are a private citizen.


What are you trying to say?

Data is there, its up to the investigatives authorities to find out if money laundering laws were broken. If Ndakwe is the director of this company and the rest are factitious, the courts can order the govt to posses the property and compensate victims - as in the case of pyramid schemes - or penalize the company on taxes evaded

http://www.vertic.org/me...ceeds_Crime_AML_Act.pdf


Can someone please remind me what happened to the money laundering fiasco involving one Okemo and Gichuru? Same will happen to any Kenyann on the list.



Some Sh577 million stashed abroad from two major scandals linked to Kenyans has been recovered, the EACC has reported.

The money withheld by the UK government will not be directly channeled to the exchequer, but committed to social development projects, said CEO Halakhe Waqo.

The Jersey scam involves former Energy minister Samuel Gichuru and former Nambale MP Chris Okemo. They were accused of hiding more than Sh525 million on Jersey Island in a Windward Trading bank account.

The company had pleaded guilty to four counts of money laundering before the Royal Court of Jersey.

if I understand it correctly - the money was stashed there were proceeds of a scam (kickback) - right? so once you have established an illegality then you trace the money - it could be in family bank, equity or even the caymans - right? other than raising eyebrows there is nothing really illegal about stashing your cash in some tax haven somewhere - that is why they exist in the 1st place.


It all depends with the situation. If it was money obtained from a scam or in corrupt deals your goose is cooked.


Yes... my point exactly.
All Mushrooms are edible! Some Mushroom are only edible ONCE!
kiash
#36 Posted : Tuesday, April 05, 2016 8:00:35 PM
Rank: Veteran


Joined: 4/27/2010
Posts: 951
Location: Nyumbani
washiku wrote:
Much Know wrote:
This judge seems particularly EVIL to me, she pleaded for a position on supreme court saying she would follow the constitution only to turn around and start screwing Kenyans once she got the Job. Judiciary has very evil people and cannot be trusted Shame on you . Whistle blowers will continue being found dead with nothing missing and no one knowing what the whistle blowing was about if we don't change the judiciary and try to fight corruption with these crooks, the same judges will be involved in the plan to eliminate you the real "whistle blower", either it is reconstituted a fresh, or we add a jury system especially for corruption cases do a fast trial without the jury leaving the building!


From which country will we get these clean judges after reconstituting it?Sad Sad Sad



All applicants should be members of OPUS DEI !!
alma1
#37 Posted : Tuesday, April 05, 2016 8:08:06 PM
Rank: Elder


Joined: 9/19/2015
Posts: 2,769
Location: hapo
In other countries, governments are falling and people are resigning

In Kenya, someone is still trying to debate if what Rawal did is not as bad as the americans.

If you want to know what banana republic means, watch this story worldwide,then compare to Kenya

http://www.huffingtonpos...5703bd21e4b0a06d5806d3ee
Thieves are not good people. Tumeelewana?
murchr
#38 Posted : Tuesday, April 05, 2016 8:10:31 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,611
murchr wrote:
Mike Ock wrote:
This revelation will go nowhere. It's trying to touch the untouchables of the world


Nothing will happen in Kenya but right now 800 individuals from Australia are now under investigation by the tax man..other investigations have began in France etc

In Iceland, the Prime Minister is under pressure to resign..lets see how the cookie crumbles


G.O.N.E
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
tycho
#39 Posted : Tuesday, April 05, 2016 10:19:33 PM
Rank: Elder


Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
[quote=alma1]In other countries, governments are falling and people are resigning

In Kenya, someone is still trying to debate if what Rawal did is not as bad as the americans.

If you want to know what banana republic means, watch this story worldwide,then compare to Kenya

http://www.huffingtonpos...703bd21e4b0a06d5806d3ee[/quote]

Going for 'banana republic' argument is one convenient way of escaping responsibility and holding those who violate laws and norms and mores in our context. One would better remember Montesquieu ...

Quote:
Laws should be so appropriate to the people for whom they are made that it is very unlikely that the laws of one nation can suit another. Laws must relate to the nature and the principle of the government that is established or that one wants to establish,
whether those laws form it as do political laws, or
maintain it, as do civil laws. They should be related to the physical aspect of the country; to the climate, be it freezing torrid, or temperate; to the properties
of the terrain, its location and extent; to the way of life of the peoples, be they plowmen, hunters, or herdsmen; they should relate to the degree of liberty that the constitution can sustain, to
the religion of the inhabitants, their inclinations, their wealth, their number, their commerce, their mores and their manners; finally, the laws are related to one another, to their origin, to the purpose of the legislator, and to the order of things on which they are established. They must be considered from all these points of view.
sitaki.kujulikana
#40 Posted : Tuesday, April 05, 2016 10:54:09 PM
Rank: Veteran


Joined: 8/25/2012
Posts: 1,826
murchr wrote:
murchr wrote:
Mike Ock wrote:
This revelation will go nowhere. It's trying to touch the untouchables of the world


Nothing will happen in Kenya but right now 800 individuals from Australia are now under investigation by the tax man..other investigations have began in France etc

In Iceland, the Prime Minister is under pressure to resign..lets see how the cookie crumbles


G.O.N.E

lets see if cameron follows suit
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