After his death in 1978, Ngina Kenyatta, his fourth wife, played a pivotal role in expanding the family’s business interests. In paperwork seen by the BBC, the Pandora Papers reveal that in 1999, Mrs Kenyatta and her two daughters, Kristina and Anna, set up an offshore company – Milrun International Limited – which was incorporated in the BVI. According to the ICIJ, Mrs Kenyatta and her daughters were advised by experienced international wealth experts from the Swiss bank Union Bancaire Privée (UBP), which recruited Alcogal, a Panamanian law firm specialising in setting up and administering offshore companies. The consortium says invoices from Alcogal to the bank show that the Swiss advisers referred to the Kenyattas with the code “client 13173”.
Source link : https://www.bbc.co.uk/news/world-africa-58775944
Publish date : 2021-10-03 19:40:26