EACC statement on Thursday indicated that Kiambu governor Ferdinand Waititu is involved in money Laundering among other related crimes.
Waititu was arrested among her daughter for defrauding County million of money.
EACC is investigating allegations of:-
1. Irregular award of tenders valued at KSh 588M to companies associated with Governor Waititu and members of the immediate family.
2. Fraudulent acquisition of public funds.
3. Conflict of interest.
4. Money laundering.
“During the searches, valuable evidence to the investigations was recovered. The suspects are currently being held at the EACC Headquarters.” ~ Twalib Mbarak, CEO.
The United States government has put Kenya on a list of global hotspots for money laundering, citing insufficient controls on the circulation of dirty cash and the lack of laws against terrorism financing.
A report published by the United States Department of State Bureau for International Narcotics and Law Enforcement Affairs said money laundering in Kenya occurs in the formal and informal sectors, fuelled by domestic and foreign criminal operations.
“Kenya remains vulnerable to money laundering and financial fraud,” says the report.
Kenya recently formed a high-powered anti-money laundering task force to establish the extent of money laundering in the most susceptible sectors of the economy, setting the stage for a crackdown on the suspects.
Kenya has become a favoured operational point for the syndicate, due to its well-developed economy and modern banking systems.
UPDATE: EACC statement on arrest of Kiambu Governor Ferdinand Waititu:EACC is investigating allegations of:-1….
Posted by NTV Kenya on Thursday, 23 May 2019