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Of 15billion Carted away from CBK
Rank: Elder Joined: 3/29/2011 Posts: 2,242
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meme wrote:ZZE123 wrote:KulaRaha wrote:prob wasn't 15 tonnes of cash, but normally where there's smoke, there's fire.
I wonder who the security guy was? I'm sure that cash can easily be banked at "friendly" banks where one might be a memba... Very possible Its is not possible. Repeat after me children... NOT POSSIBLE. Most bank branches have a holding limit of around 50M. Some have 100-150m. So how exactly would you bring in 15b?? LOL May be they used those Bayusuf lorries. The beef baba is having is the source o DP Rutto 2m/weekend harambee donation, forgetting that WSR is no longer a husler but in power. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Veteran Joined: 5/17/2007 Posts: 1,345
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This thing happened and it was between 8 and 15 billion during transition. The Grand Mullah gives an account of how one senior official stuffed 600m (part of the billions) into his four wheel drive and drove off without his bodyguards cause there was no room for them. He wonders about the risk this guy took...
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Buster wrote:This thing happened and it was between 8 and 15 billion during transition. The Grand Mullah gives an account of how one senior official stuffed 600m (part of the billions) into his four wheel drive and drove off without his bodyguards cause there was no room for them. He wonders about the risk this guy took... Good you have brought grand mullah into this... possunt quia posse videntur
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Lets alll be rationale and also assume Raila and the two kids are rational. 1.Why would Raila make such a grave statement 2.Why haven't the two kids responded? Only time will tell,but I tend to believe baba even though the figure might be lower If Obiero did it, Who Am I?
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Rank: Member Joined: 7/20/2011 Posts: 161 Location: nairobi
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Gathige wrote:meme wrote:ZZE123 wrote:KulaRaha wrote:prob wasn't 15 tonnes of cash, but normally where there's smoke, there's fire.
I wonder who the security guy was? I'm sure that cash can easily be banked at "friendly" banks where one might be a memba... Very possible Its is not possible. Repeat after me children... NOT POSSIBLE. Most bank branches have a holding limit of around 50M. Some have 100-150m. So how exactly would you bring in 15b?? LOL May be they used those Bayusuf lorries. The beef baba is having is the source o DP Rutto 2m/weekend harambee donation, forgetting that WSR is no longer a husler but in power. Thats possible, question is..where was the cash stored! Patience. You cannot have a baby in one month by impregnating nine women....
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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You may be surprised, a fair chunk may have not been banked but spent...its so easy to buy assets with cash nowadays. Business opportunities are like buses,there's always another one coming
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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meme wrote:Gathige wrote:meme wrote:ZZE123 wrote:KulaRaha wrote:prob wasn't 15 tonnes of cash, but normally where there's smoke, there's fire.
I wonder who the security guy was? I'm sure that cash can easily be banked at "friendly" banks where one might be a memba... Very possible Its is not possible. Repeat after me children... NOT POSSIBLE. Most bank branches have a holding limit of around 50M. Some have 100-150m. So how exactly would you bring in 15b?? LOL May be they used those Bayusuf lorries. The beef baba is having is the source o DP Rutto 2m/weekend harambee donation, forgetting that WSR is no longer a husler but in power. Thats possible, question is..w here was the cash stored! Check the hotel opposite Wilson which had taken ages to finish but from mid 2013, the construction was been finalized and opened If Obiero did it, Who Am I?
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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We should all be grateful that stolen money is still invested within the country mostly. This leaves the economy almost unscathed, and the cash circulates back to the economy and the people. But.........is it true? TULIA.........UFUNZWE!
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Rank: Elder Joined: 7/22/2008 Posts: 2,723
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I think Raila is a little naïve. When you want to steal 15 billion you do not go to Central Bank with lorries. One that is too much work, two it is illegal and three it will attract attention. Those who steal billions do not commit any crime. They all do it legally and cleanly.
Let me tell you how. If today you went and met the MD of say KCB and he told you that next week they are going to announce record breaking profits. You use that information and go and buy shares today, next week the announcement is made and shares rise and you sell at a profit, you would have committed an offence of insider trading. Now if you think people make millions in trading shares, you have not heard of the ones who make billions in forex trading where the rules are very relaxed.
So this is how it works. Central Banks are always maintaining a balance of currencies so that for example the Kenya shilling does not rise too fast or too far vs the dollar. They do this by buying and selling dollars in the market. If the dollar is too high they sell more dollars so that there is increased supply and it comes down. If the dollar is too low they buy more of it and the price goes up.
Now here comes the billion shilling spot. If today you were sitting with the governor and he told you that next week they are going to buy 100 million dollars from the market and you went ahead to buy dollars today so that you can sell them next week when the price rises, you would have committed no offence. There are no insider trading laws in currency trading. It is all legal. This information is useless to someone with small money because the percentages involved are quite small. So you buy today and next week the price goes up by 3%. If you have 100k that is only 3k. If you have 100 million that is 3 million. Now if you have a bank or have billions, a lot of money can be made.
So if you want to know if any money was "stolen" for elections look at the Kenya Shilling Dollar exchange rate charts say for the last 10 years. Check out 2011. It has 2 little spikes and one humongous spike where the Shilling went above 110. 2012 had two little spikes. You can be sure a lot of money was made in those times. I do not know who made the money and of course there are many players in the sector who must have benefitted but you can be sure of one thing no one committed any crime. Billions are never stolen, they are "made".
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Rank: Veteran Joined: 12/4/2009 Posts: 1,982 Location: matano manne
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Of 15billion Carted away from CBK
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