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Wealthy Kenyans return Sh118bn stashed abroad

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Wealthy Kenyans filed to return Sh118 billion assets from foreign countries in the final year of a tax pardon, official data shows.

The value was declared for repatriation in the period ended June 2019 after the Treasury extended the amnesty process by a year.

The Kenya Revenue Authority (KRA) received 3,543 amnesty applications in the period, a report submitted to the National Assembly’s Committee on Finance and National Planning shows.

In extending the time for declaring and returning the riches stashed abroad, suspended Treasury secretary Henry Rotich had cited lack of clarity on whether the cash repatriated home should be subjected to provisions of Proceeds of Crime and Anti-Money Laundering Act.

That law requires persons transacting Sh1 million and more to declare the source of their wealth to the Financial Reporting Centre, the anti-money laundering agency.

“The amnesty was extended for a further year and assurance given that once the money is transferred, there will be no follow-up on the source of the funds,” KRA says in the report.

“The amendment was meant to allow more time for persons seeking amnesty and create favourable environment for repatriation of funds.”

The exemption, however, excluded people who accumulated riches abroad from crimes of terrorism, poaching and drug trafficking.

READ ALSO:   Kenyans in US have until June 19th to register for Huduma Namba

“That was supposed to be a sweetener, but practicability part of it is that it was not possible because if I bring the money, you may not tell the source,” said Mr Stephen Waweru, a senior tax services manager at KPMG. “They may not have fully succeeded because of a bit of mistrust around whether it was a way for KRA to net them after they declare and go for them in future,”

The income declared from wealth abroad, including homes, during the year-long extension appears to be lower than what had been disclosed between mid-2017 and 2018.

The KRA, in a statement to the Business Daily in May, said about Sh1 trillion had been declared by 16,000 applicants since the window opened.

The blanket amnesty was initially to end in December 2017, but was extended twice to June 2019 following a delay by the taxman to issue guidelines on repatriation of wealth stashed in offshore accounts.

The forgiveness on tax and accruing penalty and interest initially targeted foreign-earned income up to the period ended December 2016, but this was pushed forward to December 2017.

by  nation.co.ke

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Autopsy on Ruto guard set for today

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Guards at the estate where an officer attached to the deputy president’s office used to live have said they last saw him three days before his body was found.

The six guards who were questioned by police yesterday said Sergeant Kipyegon Kenei was seen carrying mangoes on February 17 at about 4pm.

But they could not say whether any strange vehicles had driven into the estate or unknown people had accessed Kenei’s house in Villa Franca through two main gates.

“We don’t keep records of those coming in and out of the compound. We were shocked to learn about his death,” said an officer with knowledge of the investigation.

Kenei’s body was found in his house on February 20 with a gunshot wound to the head. A postmortem examination planned for today will hopefully shed more light on how he died.The guards were told they did not have to record statements until after the autopsy had been done.

Directorate of Criminal Investigations (DCI) Director George Kinoti led a team of homicide detectives, doctors and a sketch artist back to the crime scene as investigations into the incident continue.

Kenei was scheduled to record a statement with the DCI on February 19 regarding an incident where former Sports Cabinet Secretary Rashid Echesa and his accomplices visited the second floor of Harambee House Annex and signed a fake Sh39 billion arms deal.The officer was in charge of security on that day and his death has thrown a wrench in the police investigation.

READ ALSO:   Kenyans in US have until June 19th to register for Huduma Namba

Junior officers

Five junior officers have recorded statements with the DCI and claimed they were instructed to grant Echesa and his guests access to the office.

Separately, Kenei’s father John Chesang has said the family will not make any burial arrangements until they know what happened to their son.“I will be at peace to bury my son if I know what caused his death, who was behind it and what action has been taken against those who plotted the death,” said Mr Chesang.

The retired chief said he suspected Kenei might have been tortured, threatened with death and killed, and his body later taken to his house to conceal evidence.“My son did not show any signs of committing suicide. I therefore want to know who he was with, his last movement and why was he killed.”

Speaking to The Standard at their home in Chamasis village, Rongai, Chesang said the family had not been allowed to view Kenei’s body, which is being preserved at the Chiromo mortuary in Nairobi.

BY The Standard 

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Security guard commits suicide in classroom

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A security guard of a private school committed suicide today in a classroom at Shilongo area, Manda sub location in Kakamega North Sub County.

The lifeless body of Jacob Wera Bunuka, 35, was discovered by Brain Land Academy head teacher Jacob Bushuru at 6.00am when he reported to work.

“I reported to the school at 6.00am and didn’t find the security guard at the gate and thought he had already gone home. But while doing patrols around the classes, I was shocked when I saw his (security guard) lifeless body hanging from the rooftop,” Bushuru said in his statement to the police.

According to Kakamega County police commander, Bernard Muli, the police could not immediately establish his motive since he did not leave a suicide note behind.

“Police have launched investigations into the matter to establish why the security guard took his own life,” said Mr Muli.The police commander said the deceased body was taken to Webuye County Referral hospital mortuary awaiting postmortem.

By Standard.co.ke

READ ALSO:   Kenyans in US have until June 19th to register for Huduma Namba
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The day Kenya’s President was “dwarfed”

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As German President Frank-Walter Steinmeier visited the country, one tall man stole the show.

The man dwarfed President Uhuru Kenyatta when he posed for a handshake photograph with the head of state at State House, Nairobi, changing the conversation entirely.

KENYAN CONNECTION

The man at the center of it all is none other than one-time NBA champion Dirk Nowitzki, who accompanied the German president on a three-day visit to Kenya.

Nowitzki is best remembered by many NBA fans in Kenya and around the world for guiding the Dallas Mavericks to their first and only NBA title in 2011.

During the same season, Nowitzki was voted NBA Finals Most Valuable Player (MVP).

What many Kenyans may not know though is that Nowitzki has a strong Kenyan connection.

The former NBA star is married to a half-Kenyan half- Sweden woman with whom he has three children.

Kenyans on Twitter had a field day as they expressed their amusement with the picture of President Kenyatta and the retired German professional basketball player.

UHURU DWARFED 

“President of Kenyan meets the cost of living in Kenya,” tweeted one Saddique Shaban.

“President Uhuru was literally looking up to the Diplomat,” Thomas Kan wrote.

“The man is simply looking down upon our president,” Fued Opondo said.

READ ALSO:   Uhuru storms KRA depot after city traders complain of delays – PHOTOS

“Now this marks the apogee of Handshakes during his 10 year tenure as the President of the Republic of Kenya,” posted Kenneth Omondi.

“Isn’t that man tall!! Uhuru is usually tall but looks like a dwarf next to him,” Leylah Lelesan tweeted.

“That dude is at least a whole foot taller than Uhuru!!” Karago D Mbiru said.

“Hi, Mr Dirk Norwiski, you have made a heinous offence of dwarfing my lovely president unconditionally. How can you be tall than our president?” Robert Ombaso posed.

By NN

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