Barely ten years after one of the most respected familly-names in the world found itself dragged into the International Criminal Court for War Crime charges, once again, in the last couple of hours, the Kenyattas have found themselves mired in an international scandalous tax-haven report that has rocked the world and implicated some of the globe’s richest people. A dossier by the International Consortium of Investigative Journalists (ICIJ) indicates that the Kenyattas have billions in tax havens which include Panama. It is worth noting that Panama tax havens are a hot potato and dynamite that few dare to touch. It involves high-stake syndicates and shadowy dangerous people, a combination that infamously led to the assassination of European journalist Daphne Caruana Galizia who connected her Prime Minister to Panama.
A massive cache of newly leaked documents show that Kenyatta’s family has for years been secretly accumulating a personal fortune behind offshore corporate veils.
Kenyatta, along with his mother, sisters and brother, have for decades shielded wealth from public scrutiny through foundations and companies in tax havens, including Panama, with assets worth more than $30 million, according to records obtained by the International Consortium of Investigative Journalists and shared with more than 600 reporters and media organizations around the world.
The records – from the Panamanian law firm Aleman, Cordero, Galindo & Lee (Alcogal) – show that the family owned at least seven such entities, two registered anonymously in Panama and five in the British Virgin Islands. One BVI company owned a home in central London, according to the records, and two other companies held investment portfolios worth tens of millions of dollars. The Kenyattas’ offshore wealth, revealed here for the first time, represents part of an estimated half-billion-dollar family fortune amassed in a country where the average annual salary is less than $8,000 a year.
The investigation has revealed assets of 35 current or former world leaders, including the king of Jordan, the prime minister of the Czech Republic, and Kenyatta’s fellow African leaders Ali Bongo Ondimba of Gabon and Denis Sassou-Nguesso of the Republic of Congo.
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