Wealthy Kenyans hiding Sh5trn in foreign banks

The individuals, who form the cream of Kenya’s wealthiest, mostly use the offshore accounts to hide ill-gotten trillions, evade taxes and steer clear of Kenyan laws. PHOTO | FOTOSEARCH

Editor's note:

An earlier version of this article erroneously indicated the value of the wealth that Kenya's rich hold in offshore accounts as reported by American think tank NBER. It has now been corrected.

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