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Kenya: Minister says looters moving stolen billions to African countries.

Asia Africa Intelligence Wire

| December 17, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From BBC Monitoring International Reports)

Stolen billions stashed abroad are now being moved to African countries to evade detection, an assistant minister said yesterday.

Mr Robinson Githae [assistant minister of justice and constitutional affairs] said the money, most of which was in Switzerland, Monaco and the Cayman Islands, is being moved to some African countries like Zimbabwe, South Africa and Botswana, which he said have not signed the UN convention against money laundering. But the money is a lot and cannot be successfully hidden, he said. It was only a matter of when, not if, the funds would be recovered, he said.

In an interview with the …

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