Wednesday, October 6, 2021 -Narok County Senator Ledama Ole Kina has confessed owning an offshore account just a day after the founding family was exposed in the Pandora saga.
In his latest interview on Tv, the outspoken legislator on Tuesday October 5 bragged about owning the accounts abroad for business and family reasons.
He argued that he was forced to open an offshore account to be able to fund his daughter’s needs who is schooling in the USA.
“An offshore account is one that you use to diversify your investments. Let’s say you have a student who is going to school in America like in my case where a child is a student in America, I have to make sure she has money to use,” Ledama stated.
He added that currently the country’s laws are not so clear on why it’s not illegal or legal to own a foreign investment or money.
But even as he argued so, by rules, State officers are allowed to own one but through an official disclosure to relevant authorities which he seems not to have done
Mr. Ledama, while trying to justify his actions, stated that activities of money laundering can be separated from legit accounts and this detectives can do that job easily to get who is involved in fishy money activities and who is not.
“If there is a case where people are laundering money and sending that to offshore accounts, then we should look into it, but if you are a hardworking Kenyan and decide to invest abroad to secure yourself from the political instability, then that is good,” Ledama said.
The ODM Party legislator urged that there is need to develop systematic regulations that can guide offshore investments to stop the culture of victimizing anyone running legit ventures.