Tuesday July 23, 2019-A new investigative piece by International Consortium of Investigative Journalists (ICIJ) has revealed how multinational corporations took advantage of some of the world’s poorest countries, especially in Africa, extracting profits and avoiding taxes through the use of shell companies in Mauritius.
In a report released on Monday dubbed “Mauritius Papers”the papers revealed how senior government officials in Kenya stole billions of shillings and stashed them in their accounts in Mauritius and Seychelles.
The money is from kickbacks from Chinese companies which are awarded major government tenders in Kenya.
Among those Kenyans implicated in the "Mauritius Papers" include ICT CS Joe Mucheru.
Mucheru is a shareholder at the Umati Capital, a credit facility company based in Mauritius.
Other directors of Umati Capital include Dominic Kiarie (address in Kenya), Anne Marie van Swinderen (address in The Netherlands), Ace Micro Services Limited (address in Kenya), Dataposit Limited (address in Kenya), Ivan Kyeswa Joseph Mbowa (address in Kenya) and Munyutu Waigi (address in Kenya).
The Kenyan DAILY POST