Kenya’s President Uhuru Kenyatta(pictured) has said the Pandora Papers leaks – which showed that his family secretly owned a network of offshore companies for decades – will enhance financial transparency and openness required in his country and around the globe.
In a statement sent by his spokesperson, President Kenyatta said that the movement of illicit funds, proceeds of crime and corruption thrived in an environment of secrecy and darkness.
Mr Kenyatta added that the Pandora Papers and subsequent follow up audits would lift the veil for those who cannot explain their assets or wealth.
According to the leaks, the Kenyattas’ offshore investments include a company with stocks and bonds worth $30m (£22m), a foundation where his mother and the president are listed as beneficiaries, and an offshore company that could not be traced back to the Kenyatta family, which was used to buy an apartment in central London now valued at $1.3m (£1m).
President Uhuru Kenyatta, who is out of the country, has promised a comprehensive response upon his return.
