• About Us
  • Archives
  • SWG Registration
Samrack Media
Mahiga Homes
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events
No Result
View All Result
Samrack Media
No Result
View All Result

INVESTIGATIONS PROMISED AS OFFICIALS RESPOND TO SWISS LEAKS: Kenya is ranked #58

samrack by samrack
February 9, 2015
in Corruption, Kenya, News
A A
0
INVESTIGATIONS PROMISED AS OFFICIALS RESPOND TO SWISS LEAKS: Kenya is ranked #58
Share this
FacebookTwitterPinterestEmailWhatsAppLinkedIn

Kenya is ranked #58 among the countries with the largest dollar amounts in the leaked Swiss files

Public officials have reacted swiftly to revelations made through Swiss Leaks, ICIJ’s latest cross-border investigation that brought together journalists from 45 countries.

Following the investigation’s release on Sunday night, officials from across the globe have made public statements condemning the behavior of the bank and have called for new laws or tax crackdowns.

Among the latest impacts and responses:

cameron-shutterstock_183974711

British Prime Minister David Cameron. Photo: Frederic Legrand – COMEO / Shutterstock.com

By Will Fitzgibbon

  • UNITED KINGDOM:Prime Minister David Cameron has been forced to defend his appointment of Stephen
  • Green, the former head of HSBC, as trade minister. The opposition party asked an “urgent question” in parliament – prioritizing the issue for immediate response from the government.

    “There are clearly questions that need to be answered about what happened at HSBC between 2005 and 2007,” says the U.K.’s financial secretary to the Treasury, David Gauke. Another minister has evoked the possibility of changing laws or giving new powers to regulators “to make sure” that tax authorities have tools to tackle the issues. A member of the U.K.’s Treasury Select Committee, John Mann, has called for senior managers at HSBC to appear before the committee “to explain their behavior.”

  • UNITED STATES: The leading Democrat on the Senate’s banking committee Sherrod Browntold The Guardian he will push the IRS and the Justice Department for answers on their actions – “or lack thereof” – in responding to the files.
  • AUSTRALIA: After initially refusing to disclose details, the Australian Tax Office revealed that it had received the files in 2010 and has collected $30 million as a direct result.
  • BELGIUM: A judge may issue an international arrest warrant for HSBC group directors“because they are not cooperating” with ongoing inquiries related to the files, reported Reuters. HSBC has told ICIJ that “We are also cooperating with relevant authorities investigating these matters.”
  • SWITZERLAND: A former foreign minister told reporters she is “angry” at the behavior of the bank because it has tarnished the country’s reputation.
  • DENMARK: The government was criticized after admitting it never sought to obtain the filesfrom the French Government. “It is quite inexplicable that you chose not to gather data at the time when they were made available to other countries,” said Danish Member of Parliament Benny Engelbrecht.
  • NORWAY: The tax administration has promised to ask French authorities for Norwegian data in response to reporting by ICIJ partner Aftenposten.
  • INDIA: The Finance Minister has announced that authorities will examine any new names revealed by ICIJ partner Indian Express. India has received a version of the HSBC files and has launched 60 prosecutions.
  • Kenya:Kenya has been ranked 58th among countries with the highest dollar deposits in Swiss banks, at Sh51.18 billion ($559.8 million).

    The Swiss Leaks report, compiled by the International Consortium of Investigative Journalists, states that the figure is the total by 742 clients.

    About 460 of them collectively hold 1,093 accounts opened between 1975 and 2006, the report says.

    The account linked to Kenya with the highest amount of money deposited by an unnamed person has Sh3.27 billion.READ MORE

  • SOURCE:http://projects.icij.org/swiss-leaks/

 

 

Tags: HSBCINVESTIGATIONS PROMISED AS OFFICIALS RESPOND TO SWISS LEAKSSWISS LEAKS KENYA
Previous Post

Diaspora PhD Holders Join KUP to Increase Education & Grow Kenya GDP

Next Post

THE INTERNET SHOULD BE MADE SAFE FOR THE CHILDREN, URGES PRESIDENT KENYATTA

Related Posts

Africa Day: My Vision for Payments in Africa – Olugbenga GB Agboola
Business

Africa Day: My Vision for Payments in Africa – Olugbenga GB Agboola

June 5, 2023
Kenyan Mother and Daughter Running Successful Restaurant in the US
Business

Kenyan Mother and Daughter Running Successful Restaurant in the US

June 5, 2023
bey Muthoni: Kenyan Diaspora psychologist helping immigrant Students at VCU
Business

Abey Muthoni: Kenyan Diaspora Psychologist Helping Immigrant Students At VCU

June 3, 2023
Pastor Catherine Wairimu Ng'ang'a
Diaspora

Githurai Pastor Accused of Defrauding Kenyans in the US of Sh6.8 Million

June 3, 2023
Former Citizen TV Journalist on Verge of Becoming Homeless in the US
Business

Former Citizen TV Journalist on Verge of Becoming Homeless in the US

June 3, 2023
Safaricom’s M-Pesa License Approval in Ethiopia Paves Way for Financial Inclusion and Innovation
Africa

Safaricom’s M-Pesa License Approval in Ethiopia Paves Way for Financial Inclusion and Innovation

June 3, 2023
Next Post
THE INTERNET SHOULD BE MADE SAFE FOR THE CHILDREN, URGES PRESIDENT KENYATTA

THE INTERNET SHOULD BE MADE SAFE FOR THE CHILDREN, URGES PRESIDENT KENYATTA

Please login to join discussion
ADVERTISEMENT
ADVERTISEMENT
Royal Gardens Ngong Royal Gardens Ngong Royal Gardens Ngong
ADVERTISEMENT
KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680 KIBS VILLA HOMES:(ABNB) Relax into Luxury: Monthly ABNB rates are negotiable Call:508-479-1517 / 254714428680
ADVERTISEMENT

Latest News

Africa Day: My Vision for Payments in Africa – Olugbenga GB Agboola

Kenyan Mother and Daughter Running Successful Restaurant in the US

Abey Muthoni: Kenyan Diaspora Psychologist Helping Immigrant Students At VCU

Githurai Pastor Accused of Defrauding Kenyans in the US of Sh6.8 Million

Former Citizen TV Journalist on Verge of Becoming Homeless in the US

Safaricom’s M-Pesa License Approval in Ethiopia Paves Way for Financial Inclusion and Innovation

Uhuru Changes Jubilee NDC Venue Amid Suspension

Kenyan Marathon Legend Eliud Kipchoge Awarded Ksh7.4 Million By 18-Year-Old Spanish Princess

Biden and Republicans hopeful of a deal

President Ruto Admits Losing Weight

We are grateful for your monthly or one-off donations To Samrack Media: Cash App No: 781-888-8770 $SAMRACK001

Money

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency

by samrack
November 19, 2021
0

New Digital Skills Helps Unemployed Kenyan Youth Earn In Cryptocurrency This week sees the launch of a new initiative to equip...

A simple guide to Government Bonds investing in Kenya

A simple guide to Government Bonds investing in Kenya

by samrack
September 17, 2021
0

A simple guide to Government Bonds investing in Kenya A treasury bond (T-bond) is a medium term to long term...

Politics

Businessman Awarded Sh126 Million for Land Forcefully Taken to Build SGR

Businessman Awarded Sh126 Million for Land Forcefully Taken to Build SGR

by samrack
April 8, 2023
0

Businessman Awarded Sh126 Million for Land Forcefully Taken to Build SGR The Environment and Land Court has awarded over Sh126...

Paul Rusesabagina's daughter tweeted a photo of him smiling.

Hotel Rwanda hero and government critic arrives in US

by samrack
March 31, 2023
0

Hotel Rwanda hero and government critic arrives in US Paul Rusesabagina, an outspoken critic of the Rwandan government, has arrived...

  • About Us
  • Archives
  • SWG Registration

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

No Result
View All Result
  • Home
  • ALL NEWS
  • Diaspora
  • Africa
    • AFRICA
    • KENYA
  • BUSINESS
    • BUSINESS
    • INVESTMENTS
    • REAL ESTATE
    • TECHNOLOGY
  • Politics
  • Health
    • HEALTH
    • EDUCATION
  • Religion
  • People
    • PEOPLE
    • LIFESTYLE
    • RELATIONSHIPS
  • Obituaries
  • Videos
  • Events

© 2023 SAMRACK - Diaspora News & Updates; design by: Samrack.

Page generated in 1.149 seconds. Stats plugin by www.blog.ca