Why Kenya is yet to receive funds stashed in Swiss banks

President Uhuru Kenyatta (right) and Swiss counterpart Alain Berset (left) witness the signing of a framework agreement for return of stolen assets stashed in Switzerland to Kenya by the Swiss Ambassador to Kenya Ralf Heckner and Attorney General Paul Kihara June 9, 2018. PHOTO | MARTIN MUKANGU | NMG

Shortly after I had arrived in Kenya and begun to settle down into my position as the Ambassador of Switzerland to Kenya, a friend of mine told me, “You had better be ready to answer a rather difficult question: sooner or later, Kenyans will ask you, ‘Where is our money?’”

He was referring to the fact the Swiss authorities had frozen approximately $2 million in 2008 in the context of the Anglo Leasingcase, better known here as the Anglo Leasing scandal.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.