What the Kroll Report said about President Moi's hidden billions. SHOCKING
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| Joshua Kulei |
The main contact at Trans National Bank was Ashok Gohil (who died in 2001) and was Joshua Kulei's right hand man. Kulei was an aide to President Moi for many years. One of the things Gohil did to facilitate his illegal activities was to set up companies in Kenya where lawyer and politician Mutula Kilonzo Snr was the main director. This included companies like Ashar Limited and Chen.
How Moi's wealth was distributed
Finance and especially the dizzying financial transactions that are the hallmark of money laundering, which is an illegal activity for criminals, can get a little boring. However the main questions Kenyans need to ask themselves are where these huge sums of money coming from Kenya and being transferred abroad by the Mois was coming from. It is estimated that Moi and his associates transferred at least double what Sani Abacha laundered through Kenya. That is US$400 million through Katri alone and his Trans national bank conduit. What business were the Mois involved that would have generated this amount of cash? Already investigators have established that Joshua Kulei's wealth can not be justified by any dividends that could have accrued from the myriad of companies he is said to have had a stake in. Leaving everybody with only one conclusion, that this was corrupt money and in many cases looted funds from tax payers' money in Kenya.
Further there were very significant legal reasons to use banks rather than transfer the corrupt money directly abroad. For starters most of the Western countries where the funds were pouring into (even at that time) had laws designed to check money laundering. However Nostro accounts belonging to genuine banks are never questioned and this is what Katri used for his two big clients in this case, namely Sani Abacha and Daniel Moi.
Katri's genius for hiding corrupt money did not end there. He further used wealthy friends to hide the money by paying it out to their accounts, only for the same funds to be paid back through another account belonging to the same business associates.
Katri has gone underground since 2001 when he lost his Financial intermediary license when the Swiss authorities started investigating his money laundering activities through Kenya using information obtained on Kulei.
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