Kenyans will have to wait much longer before receiving over $2 million (about Sh200 million), suspected to be proceeds of corruption that have been frozen in Swiss bank accounts as part of efforts to recover and repatriate looted funds.
The money is linked to the multibillion Anglo Leasing scam — one of the biggest frauds in the history of corruption in Kenya.
Swiss authorities now say the funds will only be wired to Kenya subject to completion of judicial proceedings on Anglo Leasing cases and a ruling on recovery of the money.
“(The) assets seized in Switzerland may be returned to Kenya based on a final and executable confiscation decision from the Kenyan Judiciary,” Ms Saskia Salzmann, a diplomatic attaché’ at the Embassy of Switzerland to Kenya, Burundi, Rwanda, Somalia and Uganda, said.
“For the money to be returned, the court proceedings first have to end in Kenya. Currently, court proceedings in the Anglo Leasing case are still ongoing and a final verdict has not been reached,” she added in an interview.