• April 18, 2024
  • Last Update April 18, 2024 8:41 PM
  • Nairobi

Raila Says Nothing Wrong With Offshore Accounts

Raila Says Nothing Wrong With Offshore Accounts

ODM Leader Raila Odinga has spoken on the much debated global financial leak dubbed the Pandora Papers.

The former premier who spoke to a local radio station on Tuesday, October 5, 2021, stated that the government should conduct an audit on all offshore accounts held by Kenyans and the findings made public.

He argued that having offshore accounts is not bad so long as the parties are able to account for the proceeds in those particular accounts and how they got to open and operate them.

President Uhuru Kenyatta and ODM Leader Raila Odinga. |Photo| Courtesy|

Odinga further clarified that he does not own an offshore account, indicating that the focus should shift from the accounts to how the money in the accounts was acquired.

“Hii ni mambo ya Pandora sioni kama kuna shida kuwa na account kule nje bora unaweza kusema jinsi ulifungua account. Vile Uhuru amesema atasema zaidi atakapo rudi,” he said.

“Mimi sina chochote huko nje, yangu iko Kenya,”  he added.

According to the International Consortium of Investigative Journalism, President Kenyatta and his family secretly owned a network of offshore companies.

Responding to the report, president Kenyatta said that theexpose’ will enhance financial transparency in the country .

“…these reports will go a long way in enhancing the financial transparency and openness that we require in Kenya and around the globe. The movement of illicit funds, proceeds of crime and corruption thrive in an environment of secrecy and darkness,” he stated.

“The Pandora Papers and subsequent follow up audits will lift that veil of secrecy and darkness for those who can not explain their assets or wealth,” he added.

The President is however expected to shed more light on the expose after his return to the country from the states.



     



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