Goldenberg scandal - WOW. The Goldenberg scandal was a political scandal where the Kenyan government was found to have subsidised exports of gold far beyond standard arrangements during the 1. Goldenberg International 3. Kenyan shillings) than their foreign currency earnings. Although it notionally appears that the scheme was intended to earn hard currency for the country, it is estimated to have cost Kenya the equivalent of more than 1. Gross Domestic Product.
The scandal appears to have involved political corruption at the highest levels of the government of Daniel Arap Moi. Officials in the former government of Mwai Kibaki have also been implicated. Background. Similar to most countries, Kenya encourages international trade by granting tax- free status to commercial enterprises involved in the export of goods and sometimes subsidises these exports. The Goldenberg scandal was based on the fact that exporters who deposited US$ earnings with the Kenya central bank received in exchange the equivalent in Kenyan shillings plus 2. However, gold mining represented a tiny portion of Kenya's GDP, with only one operational gold mine (at Kakamega). Goldenberg International therefore developed a scheme of smuggling gold into Kenya from Congo, so that they could legally export it at the higher export price offered by the Kenyan government. Details. The chief architect behind the scheme was a relative of the Kenyan businessman Kamlesh Pattni.
However, it was Pattni who established Goldenberg International to implement the scheme. The judicial system also appears to have been deeply involved, with twenty- three of Kenya's senior judges resigning after evidence indicated their involvement. As a result of this, Munyakei was fired from his position at the Central Bank of Kenya, and remained largely unemployed until his death in 2. The gold, if there was any, was likely imported from Democratic Republic of the Congo. Bosire report. On 3 February 2. Kibaki government, a report by Mr Justice Bosire. George Saitoti should face criminal charges for his actions and that former President Daniel arap Moi should be further investigated.
Saitoti was both vice- president and finance minister under Moi in the early 1. On 1. 3 February Saitoti's resignation was announced by President Kibaki in a television address. However, the Commission concluded that in respect of Nicholas Biwott, who had not been in government at the time, .
A list of exhibits compiled by the commission puts Goldenberg International Ltd at the top of the primary recipients of the money, at Sh. The directors of Goldenberg were named as Mr Pattni and Mr Kanyotu. Although Mr Kanyotu was the director of the Special Branch (intelligence unit of the Kenya Police, now known as National Intelligence Services, NIS) and a director of First American Bank, he described himself as a farmer in Goldenberg documents. President Moi was named by Mr Pattni as having been a shareholder of GIL by nominee. However, President Moi himself was never called to present evidence despite despite this alleged link.
Million euro Goldenberg scandal comes to mind.) Political corrup-tion tarnished the governing peri-ods of all three presidents who have held of
Definitions of goldenberg scandal, synonyms, antonyms, derivatives of goldenberg scandal, analogical dictionary of goldenberg scandal (English). Kenya: Corruption Scandal William Karanja, World Press Review correspondent, Nairobi, Kenya. Goldenberg Commission of Inquiry on Feb. The Goldenberg scandal and records management in Kenya. The Goldenberg scandal and records management in Kenya. The Goldenberg conspiracy The game of paper, gold. At the peak of the scandal in 1993. Goldenberg International Limited” and also to look. The True Story of David Munyakei: Goldenberg Whistleblower (Kwani? In April 1992, David. RRT RESEARCH RESPONSE. Research Response Number: KEN34144. In February 2006 details of the Goldenberg scandal.
Cost. In response to a query by Joseph Lekuton, on 1. December 2. 00. 8, Orwa Ojode the Assistant Minister for Provincial Administration and Internal Security confirmed to parliament that the commission had cost the Kenya Government Kshs 5. Among those named were. Gideon Moi, Retired President Moi's son, also the Baringo Central MPMr Philip Moi Retired President Moi's son. Mr Moi's lawyer, Mr Mutula Kilonzo.
Mr Moi's former personal assistant, Mr Joshua Kuleiformer Central Bank of Kenya governor Eric Kotutformer Central Bank of Kenya deputy governor Eliphas Riunguformer Central Bank of Kenya employee Job Kilach. Central Bank of Kenya employee Tom Werungaformer Central Bank of Kenya employee Michael Wanjihia.
Philip Murgor, the former director of public prosecutions. Mr Murgor's law firm represented the Central Bank of Kenya during the two- year public inquiry headed by Mr Justice Bosire. Former Treasury permanent secretary Charles Mbindyoformer Treasury permanent secretary Wilfred Karuga Koinangeformer Treasury permanent secretary Joseph Magari. Prof George Saitoti, who resigned as Education minister. Goldenberg architect Kamlesh Pattni. Pattni's business partner and former Special Branch chief James Kanyotuformer commissioner of Mines and Geology Collins Owayo.
Mr Arthur Ndegwa, senior mining engineer in the Commissioner of Mines Nairobi officeformer commissioner of Customs and Excise Francis Cheruiyot. Kenya Commercial Bank general manager Elijah arap Bii. Former president Moi himself was not listed. The Law Society of Kenya chairman Tom Ojienda criticised Police Commissioner Hussein Ali's move to seize travel documents. He described the decisions as .
Ojienda regretted that individuals had been charged, tried and convicted by the court of public opinion and the media or through political statements. He commended three Cabinet ministers who resigned to pave way for investigations into the Anglo Leasing and Goldenberg scandals.
Such resignations are no pointers to guilt. The then CID director Joseph Kamau told reporters on 9 March 2. Pattni, Kanyotu, Koinange, Kotut, Bii, Riungu and Werunga had been passed to attorney- general Amos Wako. Wako has been attorney- general since 1. Moi was in power. Wako is recommending that the country's chief justice consider overturning a previous court order exempting Mr Saitoti from prosecution.
All except Werunga are to be charged. The Kenya Times saw political motives behind it.