Raila Reacts to Pandora Papers Report That Exposed Kenyatta Family’s Secret Offshore Wealth

ODM leader Raila Odinga has reacted to the Pandora Papers investigative report that exposed how world leaders use offshore tax havens to hide assets worth hundreds of millions of dollars.

Speaking on Wednesday, Odinga stated that he does not own any offshore account, adding that all his wealth is within the country. “I have no offshore accounts. All my wealth is within the country. I am playing locally,” said Odinga.

“I have been in government and there are temptations. Contractors will try to influence decisions. I have rejected them before,” he added.

The report by the International Consortium of Investigative Journalists (ICIJ) linked President Kenyatta and six members of his family to 11 offshore companies; one of which holds assets worth $30 million (Sh3.31 billion).

Odinga, who spoke during an interview with various FM stations, noted that there is nothing wrong with operating an offshore account as long as one can account for the money in the accounts.
 
“I am sure the truth will come out. The President has said he will give more details on the claims. I want every Kenyan with offshore accounts to come out and declare them,” said Raila.

On Monday, President Uhuru welcomed the exposé, saying it will enhance financial accountability. He promised to issue a comprehensive response once he returns from his State visit to the Americas.

“The Pandora Papers and subsequent follow-up audits will lift that veil of secrecy and darkness for those who cannot explain their assets or wealth...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 said.

One of the 11 companies linked to the Kenyattas is a foundation named Varies which was established in 2003 with Mama Ngina Kenyatta and President Kenyatta as the first and second benefactors respectively.

Another company called Milrun International Limited was set up in 1999 by Mama Ngina and her daughters, Kristina and Anna, in the British Virgin Islands.

Mama Ngina and her daughters were advised by international wealth experts from the Swiss Bank Union Bancaire Privée (UBP), which recruited Alcogal, a Panamanian law firm specializing in setting up and administering offshore companies, according to ICIJ.

Invoices from Alcogal to the bank show that the Swiss advisers referred to the Kenyattas with the code ‘client 13173.’ UBP also helped Uhuru’s brother Muhoho Kenyatta to set up a company in Panama called Criselle Foundation.