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Anglo-Leasing Payout
washiku
#1 Posted : Saturday, April 26, 2014 9:06:22 PM
Rank: Chief


Joined: 5/9/2007
Posts: 13,095
To pay or not to pay?

Govt lost case. Cabinet refers the matter to parliament... Which way forward? To pay or not to pay?
dunkang
#2 Posted : Saturday, April 26, 2014 9:35:48 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
washiku wrote:
To pay or not to pay?

Govt lost case. Cabinet refers the matter to parliament... Which way forward? To pay or not to pay?

TO PAY it is.
1. Kenyan's can realise the implication of corruption and political appointments;

2. After all, most of money be paid to ghost companies owned by ghost Kenyans, ya, Kenyans.

3. Moi and Kibaki boys already ate some of the money already, why not UhuRuto's boys also?

4. Newspapers, Radios, TVs and Blogs need stories, rumours and spinoffs, how else will they remain in business.
Receive with simplicity everything that happens to you.” ― Rashi

newfarer
#3 Posted : Saturday, April 26, 2014 10:34:10 PM
Rank: Elder


Joined: 3/19/2010
Posts: 3,504
Location: Uganda
who will they pay to.i thought angoleasing owners were unknown
punda amecheka
sheri
#4 Posted : Saturday, April 26, 2014 10:40:34 PM
Rank: Member


Joined: 4/11/2007
Posts: 694
washiku wrote:
To pay or not to pay?

Govt lost case. Cabinet refers the matter to parliament... Which way forward? To pay or not to pay?

To pay for what? did they deliver the goods. who are the owners of the bogus companies. This thing stink to high heaven .
mawinder
#5 Posted : Sunday, April 27, 2014 4:46:25 PM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
sheri wrote:
washiku wrote:
To pay or not to pay?

Govt lost case. Cabinet refers the matter to parliament... Which way forward? To pay or not to pay?

To pay for what? did they deliver the goods. who are the owners of the bogus companies. This thing stink to high heaven .

Jimmy Wanjigi,Anura Perera,Deepak Kamani,Alfred Getonga etc.
McReggae
#6 Posted : Sunday, April 27, 2014 7:55:36 PM
Rank: Elder


Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
I've been away from for some time, still away but knowingly surprised at the lack of interest on this thread.
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
KulaRaha
#7 Posted : Sunday, April 27, 2014 8:58:27 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
mawinder wrote:
sheri wrote:
washiku wrote:
To pay or not to pay?

Govt lost case. Cabinet refers the matter to parliament... Which way forward? To pay or not to pay?

To pay for what? did they deliver the goods. who are the owners of the bogus companies. This thing stink to high heaven .

Jimmy Wanjigi,Anura Perera,Deepak Kamani,Alfred Getonga etc.


Same guys who did SGR deal?
Business opportunities are like buses,there's always another one coming
mwenza
#8 Posted : Sunday, April 27, 2014 9:06:12 PM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
McReggae wrote:
I've been away from for some time, still away but knowingly surprised at the lack of interest on this thread.



Compare this thread with the Kalonzo one. No wonder somebody said great minds discuss events while small minds discuss people...
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
sheri
#9 Posted : Sunday, April 27, 2014 9:21:14 PM
Rank: Member


Joined: 4/11/2007
Posts: 694
McReggae wrote:
I've been away from for some time, still away but knowingly surprised at the lack of interest on this thread.

I am also suprised i thought people should be asking hard questions regarding the said payments. instead they are shouting themselves silly uko kwa kalooser.
Ngong
#10 Posted : Sunday, April 27, 2014 9:30:50 PM
Rank: Veteran


Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
Sure yes!
Sasa half bread meant what?
,
ecstacy
#11 Posted : Sunday, April 27, 2014 10:45:55 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
For those complaining about interest in this thread, if you want traction on it, drop some facts or it's just noise, innuendo & ventilation??

Who can share the PAC report that described the Anglo-Leasing scam?
ecstacy
#12 Posted : Sunday, April 27, 2014 11:56:50 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
Some details Githongo shared:
1. First Mercantile Securities Corporation is the company the GoK wants to pay. It was registered in 2005 AFTER Anglo investigations started. Refer to this registration document - http://ge.ch/hrcintapp/e...05-1&ofrcLanguage=4

2. Satpace was contracted by the Transport and Communications Ministry, through the Treasury, on July 11, 2002, to provide 10 years’ worth of managed bandwidth for post offices across Kenya at a cost of $28.1 million.

According to PwC, the government paid Satspace $16 million, which far exceeded the value of services and bandwidth provided, estimated by the consultants and by another firm, Global Communications, to be worth only $3.6 million.

Its registered office address is the same as that of a large number of companies for which Corp America Inc is also the registered agent. Universal Satspace’s annual tax assessment is ONLY $200.

The legal advice from the lawyers engaged by the government of Kenya to fight a claim by Satspace — after investigations on both sides of the Atlantic — was that the government could reasonably contest it and even counterclaim for $15million.

However, Satspace has no assets that the government can sell to recover its money.

The battle with Satspace started in the United Kingdom when it filed a case to be paid the balance of its contract sum in mid-2006 after payments had been frozen.

The payments were blocked due to questions raised by the then PS of Governance and Ethics, John Githongo.

In September 2006, the CEO of Universal Satspace, Ziv Tal, obtained an exparte judgment since the Attorney General FAILED to represent the government of Kenya in the case.

In a hearing in late 2006, the government of Kenya challenged the exparte judgment.

Michael Whitton visited Kenya in 2007 and obtained documents and interviewed witnesses to draft a counterclaim and defence in late 2007.

However, the draft case management proposal prepared by the lawyers in November 2007 was never executed as the lawyers were UNABLE to obtain instructions from the AG’s Office.

A revised case management proposal was put together in May 2008 on the basis of instructions from the then Minister of Justice and Constitutional Affairs, Martha Karua, and “NOT the AG’s office” as the PwC report notes.

There appeared to be a determined reluctance on the part of the AG’s office to support the government on this case. Instructions to lawyers are not being given, lawyers are not being paid, access to PwC and KACC forensic work is not being granted, and so on.

On the same day in July 2002 that the Transport Ministry entered into the Universal Satspace contract, it also contracted with Spacenet Inc (a US registered company that was a wholly owned subsidiary of the Gilat Satellite Networks Ltd linked to a foreign-based businessman intimately associated with the Anglo-Leasing saga) for the provision of VSAT communication equipment.

And at the Ministry of Finance, a deal was signed with First Mercantile Securities Corporation of Geneva, Switzerland, to guarantee the government’s payments to Spacenet Inc.

The government then made payments of $6.9 million to First Mercantile prior to the latter making any payment to Gilat, and while it was charging interest to the government.

The PwC report notes: “Thus, GoK provided financing to First Mercantile for a two-year period during which First Mercantile was charging interest to GoK...”

The contract between the Ministry of Transport and Spacenet was signed by Michael Alan.

The vice president and general counsel of Spacenet, a Mr Bresnanan, stated that Mr Alan was not an employee of Spacenet and suggested that he was probably an employee of Alldean — a company controlled by the businessman linked with Gilat Satellite Networks. Mr Bresnanan added that the copies of Mr Allan’s Spacenet business card and letterheads were false.

Even more curious, “though the contract was signed by someone masquerading as an employee of Spacenet with falsified business cards and letterheads, Mr Bresnanan does not deny that Spacenet Inc entered into the contract with the GoK,” the PwC report points out.
RINK - http://www.theeastafrica.../-/xsckvuz/-/index.html

kingfisher
#13 Posted : Monday, April 28, 2014 9:15:01 AM
Rank: Elder


Joined: 4/9/2008
Posts: 2,824
How much is to be paid?

And the reason given is that we must pay so that we can be able to BORROW!!! What kind of rubbish is this?
When I have money, I get rid of it quickly, lest it find a way into my heart.
washiku
#14 Posted : Monday, April 28, 2014 9:40:38 AM
Rank: Chief


Joined: 5/9/2007
Posts: 13,095
We shouldnt pay. Tusipolipa wata do? Since the case was won in England, we need to handle this thing diplomatically now. Since they have been telling us to fight corruption, yet the legal orders are coming from their state, we need to tell them they need to help us fight corruption by ensuring we dont pay that money. How they do it shauri yao.

Uhuru was the PSC chair when he took his team even to UK to investigate the issue, I wonder why he should accept to pay now.
Euge
#15 Posted : Monday, April 28, 2014 11:01:55 AM
Rank: Elder


Joined: 8/4/2008
Posts: 2,849
Location: Rupi
kingfisher wrote:
How much is to be paid?

And the reason given is that we must pay so that we can be able to BORROW!!! What kind of rubbish is this?


And what are we paying for? I would like to see that invoice. Arrrggggh!!
Lord, thank you!
washiku
#16 Posted : Monday, April 28, 2014 11:51:08 AM
Rank: Chief


Joined: 5/9/2007
Posts: 13,095
Euge wrote:
kingfisher wrote:
How much is to be paid?

And the reason given is that we must pay so that we can be able to BORROW!!! What kind of rubbish is this?


And what are we paying for? I would like to see that invoice. Arrrggggh!!


About KES 1.6 billion
JkMwatha
#17 Posted : Monday, April 28, 2014 11:57:30 AM
Rank: Veteran


Joined: 9/11/2007
Posts: 816
mwenza wrote:
McReggae wrote:
I've been away from for some time, still away but knowingly surprised at the lack of interest on this thread.



Compare this thread with the Kalonzo one. No wonder somebody said great minds discuss events while small minds discuss people...


Not sure of that 'somebody' .... but another somebody said

"Great minds discuss ideas; average minds discuss events; small minds discuss people." - E.R.
mkonomtupu
#18 Posted : Monday, April 28, 2014 12:15:51 PM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
Kenya either pays up or forgets about the Eurobond, in Euro countries you don't get to escape contracts that you signed up or court orders. There is something called sanctity of contracts and no one lends to countries which tell you they won't pay up on their contracts. Only Banana countries do that. We are still paying the Kenre debt for that fertilizer plant which was not set up in 1970's
washiku
#19 Posted : Monday, April 28, 2014 1:21:02 PM
Rank: Chief


Joined: 5/9/2007
Posts: 13,095
mkonomtupu wrote:
Kenya either pays up or forgets about the Eurobond, in Euro countries you don't get to escape contracts that you signed up or court orders. There is something called sanctity of contracts and no one lends to countries which tell you they won't pay up on their contracts. Only Banana countries do that. We are still paying the Kenre debt for that fertilizer plant which was not set up in 1970's


Woiii....kwisha sisi. Kuna Chinabond?
Angelica _ann
#20 Posted : Monday, April 28, 2014 1:33:09 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,921
washiku wrote:
mkonomtupu wrote:
Kenya either pays up or forgets about the Eurobond, in Euro countries you don't get to escape contracts that you signed up or court orders. There is something called sanctity of contracts and no one lends to countries which tell you they won't pay up on their contracts. Only Banana countries do that. We are still paying the Kenre debt for that fertilizer plant which was not set up in 1970's


Woiii....kwisha sisi. Kuna Chinabond?

Something like YuanBond!

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