More than $2 million (about Sh201 million), suspected to be proceeds of corruption in Kenya, has been frozen in Swiss bank accounts as part of the effort to recover and repatriate stolen funds. The money is linked to the multi-billion Anglo leasing scam – one of the largest in the history of corruption in Kenya. “Money has been frozen in Switzerland in relation to the Anglo-Leasing case in the amount of approximately $2 million,” Saskia Salzmann, a diplomatic attaché’ at the Embassy of Switzerland to Kenya, Burundi, Rwanda, Somalia and Uganda, told the Business Daily, adding that these would probably be the first assets to be returned to Kenya.
Kenya is suspected to have lost more than $600 million (more than Sh50 billion) in the Anglo Leasing scam. The money was lost in 18 security-related contracts awarded to companies that did not render services or deliver goods paid for.
