Former National Treasury CS Ukur Yatani, once a figure of economic authority, now finds himself at the center of serious accusations, including money laundering on an unprecedented scale.
The jaw-dropping amount of Ksh 620,483,364,867 represents tax breaks and incentives reportedly granted by Yatani during his tenure, contributing to what critics claim is an economic meltdown in the country.
This revelation was done on X (Formerly Twitter) by one Cyprian Nyakundi. I dives into the intricate details of Yatani’s alleged misuse of power, exploring the accusations of him using his influence to launder billions to tax havens.
Reports suggest a shocking incident where he was detained at Jomo Kenyatta International Airport (JKIA) with a substantial amount of cash—4 Million USD, adding another deep layer of the level of corruption and the accusations against former Treasury CS.
Furthermore, the saga takes a more perplexing turn with the alleged involvement of Yatani’s own son in the money laundering scheme. Nyakundi has always suggested that Yatani’s son played a pivotal role in channeling funds out of the country, raising questions about the extent of family involvement in these financial maneuvers.
![Yattani son](https://i0.wp.com/smartie.co.ke/wp-content/uploads/2023/12/20231208_222634.jpg?resize=479%2C479&ssl=1)
As the Ethics and Anti-Corruption Commission (EACC) recommends immediate arrest and prosecution on various charges, including money laundering, the role of Yatani’s son, Pictured above, adds a personal dimension to the scandal.
The accusations extend further to Yatani’s association with the controversial Telkom Kenya buyout, compounding the legal challenges he faces. The demands for freezing Yatani’s accounts and reclaiming real estate projects allegedly funded by Telkom Kenya loot intensify, with the focus now on the potential family ties to these financial activities. From the Blixen house to properties in South C, Nyakundi’s tweets aims to provide a comprehensive overview of the alleged money laundering scheme, leaving no stones unturned and exploring the intricate web of corruption allegations with Yatani and his family at the center of this Murky Corruption waters.
Additionally, we shed light on former Safaricom Chairman John Ngumi, who is alleged to be embroiled in corrupt deals related to the same Telkom Kenya buyout. The EACC’s quarterly report recommends Ngumi’s arrest and prosecution, adding another layer of complexity to this multifaceted scandal.
![Ngumi](https://i0.wp.com/smartie.co.ke/wp-content/uploads/2023/12/20231208_222703.jpg?resize=580%2C363&ssl=1)
As ponder on this intricate web of corruption allegations, we aim to provide a comprehensive understanding of the individuals involved and the far-reaching implications for Kenya’s economic and political landscape.
Be on the lookout as we work to bring you all the latest updates on this explosive scandal