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Data Breach - Panama Papers
Rank: Elder Joined: 4/30/2008 Posts: 6,029
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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
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Rank: Member Joined: 6/4/2015 Posts: 604
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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.
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Rank: Member Joined: 1/30/2016 Posts: 332 Location: Rift Valley
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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.
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Rank: Elder Joined: 10/4/2006 Posts: 13,821 Location: Nairobi
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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!
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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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 
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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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? 
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Rank: Elder Joined: 12/6/2008 Posts: 3,548
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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
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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
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Rank: Elder Joined: 10/4/2006 Posts: 13,821 Location: Nairobi
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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!
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Rank: Elder Joined: 12/11/2008 Posts: 2,306
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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...
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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
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Rank: User Joined: 1/20/2014 Posts: 3,528
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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.
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Rank: Elder Joined: 10/4/2006 Posts: 13,821 Location: Nairobi
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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!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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
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Rank: Elder Joined: 10/4/2006 Posts: 13,821 Location: Nairobi
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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!
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Rank: Veteran Joined: 4/27/2010 Posts: 951 Location: Nyumbani
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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  . 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? All applicants should be members of OPUS DEI !!
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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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...5703bd21e4b0a06d5806d3eeThieves are not good people. Tumeelewana?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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
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Rank: Elder Joined: 7/1/2011 Posts: 8,804 Location: Nairobi
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[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.
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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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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