An MP wants the National Assembly to compel the Treasury to have an estimated Sh5 trillion of illicit cash stashed in foreign accounts repatriated to the country. Suspicious accountsThe nominated MP also wants the Attorney-General to provide the details of individuals operating the suspicious accounts. The fight against corruption should give more focus on recovery of money and property,” said Mr Osotsi. Corruption“The country has proclaimed its tigritude in the war against corruption and illicit capital flight for too long now. It is the time to pounce and seize the dragon,” said Mr Watima, noting, “We can be dealing with the same thing day in, day out with no tangible results to complement the efforts.”According to Mr Watima, the existing legal framework forms the basis for identification, tracing, freezing, seizure, confiscation and repatriation of such proceeds.

Source: Daily Nation August 23, 2020 06:00 UTC