Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Spikes wrote:murchr wrote:mlennyma wrote: murchr wrote: Nation wrote: Former KenolKobil boss Jacob Segman used a proxy to secretly set up a company in the British Virgin Islands, according to documents contained in the Panama Papers.
Mr Segman, who retired as Chief Executive Officer at one of Kenya’s biggest oil marketing firms in 2013, hid behind his lawyer and used him to open a company called Energy Resource Capital Limited, headquartered in the BVI.
The company was opened in 2002, while Segman was still in office.
According to available documents, Energy Resource Capital was used to hold a portfolio of stock-traded securities belonging to an unnamed publicly listed Kenyan company. It is uncertain whether the stock options belonged to KenolKobil or not. http://www.nation.co.ke/.../-/bs8d8az/-/index.html is owning an offshore firm a crime if the capital used to start it is not a loot?or the loss which was reported of the billions was not real but created? Its no crime but it raises questions when its secret. That should be investigated. What if the "losses" were artificial? Will this info cause KK to tank to 8/- ninunue? sometimes you really hit the bush,if this was kk money how is recovering looted money disastrous? ???....the sad part ,i don't think there is a good complainant to Institute investigations....good part...this segman is not a front runner in managing kk now "Don't let the fear of losing be greater than the excitement of winning."
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