NATIONALNEWSPeople Daily

Switzerland to return Sh222m Anglo Leasing loot

Seth Onyango @SethManex

More than Sh222 million stolen in the Anglo Leasing scandal will be pumped back into the country’s economy after the Swiss government inked a deal with Kenyan.

Outgoing Attorney General Githu Muigai signed the deal with Switzerland’s head of Sub-Sahara Africa Division of Foreign Affairs Anne Lugon as part of ongoing efforts to repatriate stolen money hidden abroad.

This followed an initial agreement between Kenya and Switzerland to trace and recover stolen assets and funds stashed in Swiss accounts. The Swiss Federal Office had agreed to facilitate the cooperation in investigating and prosecuting individuals involved in trans-border economic crimes between the two states. Yesterday, Muigai said the funds will be wired back to the Treasury and expressed the government’s commitment to fight corruption.

“Switzerland is renowned for its great experience in the field of investigating, freezing and restitution of illicitly acquired assets and Kenya continues to benefit from the collaboration with the Swiss law enforcement agencies,” he said.

He was speaking during a forum with the Swiss authorities to discuss the Framework for Return of Assets from Corruption and Crime. Previous reports from the government and other international agencies have revealed that Kenyans are hiding billions of looted assets in Switzerland, some from the Ango Leasing rip-off.

Last year, the Swiss government committed to returning assets that were looted in Kenya in the Anglo Leasing scandal once the court gives its verdict. Swiss Ambassador Ralf Heckner assured the two countries will work hand in hand to protect each other from economic crimes .

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