Kenya: Anti-corruption war goes up a notch as Kenya signs deal to return stolen wealth from Switzerland



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President Uhuru Kenyatta and his Swiss counterpart Alain Berset today oversaw the signing of a key agreement paving the way for the recovery of badets acquired through corruption and crime in Kenya and hidden in countries foreigners.

The two presidents said that the agreement on return of badets against corruption and crime in Kenya (FRACCK), also supported by the United Kingdom and the island of Jersey, will create a mechanism allowing Kenya to recover money stolen by corrupt individuals. President Kenyatta said the signing of the agreement at State House, Nairobi, was part of his resolution to eliminate corruption in the country, saying his position on the vice is clear.

"We have seen, in recent months, a new intensity in the fight against corruption in Kenya Quite frankly, my administration has shown that corruption can not and will not be tolerated," said the president. .

The framework, which is consistent with the United Nations Convention against Corruption, provides the principles to guide the recovery of stolen badets. The first badets covered by the new framework will be funds stolen as part of the Ango-Leasing scandal and hidden in Switzerland.

"In the spirit of the Principles for the Alienation and Transfer of Stolen Assets Confiscated in the Global Forum Corruption Cases, returns should proceed in a transparent and accountable manner with the mutual consent of Kenya and the partner offering the return, "says the new agreement. To avoid complicating the recovery of badets, the framework says that recovery should follow executable judgments.

The agreement further stipulates that badets recovered under the mechanism will serve clearly identified development objectives, for example in the health sector. the people of Kenya in accordance with the 2030 Agenda and 2030 Vision.

A steering committee consisting of the Executive Office of the President, the Attorney General, the National Treasury, the Agency of badet recovery, the Agency for Ethics and the fight against corruption. and representatives or representatives representing the partner countries will be set up to implement the agreement.

Part of the team's roles will be to identify potential badets to recover; identify potential implementing organizations; decide unanimously on priorities for the use of returned funds; monitor progress in the return of goods; receive reports on the status of projects funded by recovered badets and learn lessons for future returns.

The agreement also provides for other countries to cooperate with Kenya in recovering stolen badets. countries that have anti-corruption laws and have identified the proceeds of corruption that they are willing to send back to Kenya can become new partners with the consent of all existing partners and the Government of Kenya.

After the signing of the agreement President Kenyatta, who was joined by Vice President William Ruto and other senior government officials, said that the fight against corruption will continue.

"The reasons can not be clearer: corruption directly threatens the future of Kenya, it denies our children the education they deserve, it denies Kenyans the public goods that their hard work has earned them, and this is undermining the quality of our Government President Kenyatta thanked President Berset for Switzerland's continued support for Kenya's prosperity, saying that Switzerland, which was the first country to recognize Kenya at independence in 1963, has provided immense support to the health and humanitarian sectors of Kenya.

"Our friendship with the people of the Swiss Confederation persists. Our friendship goes back to our independence and has strengthened over the last half-century, "said Kenyatta

adding that the two countries were working on an agreement to fight double taxation. 39 economy Kenya will host Canada later in November 2010. President Kenyatta also announced that Kenya will open a new embbady in Switzerland by October to promote trade and tourism.

President Berset who is in the country for two The Swiss president added that Kenya is a good investment destination and that business opportunities are opening up under President Kenyatta's Big Four development program.

Earlier, the two leaders held private talks followed by a bilateral meeting where they discussed how to deepen the trade and security links between the two countries. ys.

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