HAHAHAHA simple search of the goldenberg group reveals they are a company involved in massively defrauding the kenyan government, just what i thought a group of fucking scheisters who have figured out a way to scam government money.
Kenya does not yet have a law against money laundering. The government had promised that the Proceeds of Crime and Money Laundering (Prevention) Bill 2005 would be passed by Parliament, but this has not happened. In the meantime, Kenya has gained notoriety through the much publicised ‘Goldenberg` and ‘Anglo Leasing` scandals (1). A commission of inquiry into the Goldenberg scandal revealed a massive scam in which the Goldenberg group of companies claimed subsidies for fictitious gold and diamond exports. The loss to Kenya has been estimated at around $376 million. Anglo Leasing was involved the illegal awarding of government contracts amounting to some $90 million to an apparently non-existent company.
http://www.issafrica.org/iss-today/tax-evasion-scam-in-kenya
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Max poster, that is not the same company. < The chief architect behind the scheme was a relative of the Kenyan businessman
Kamlesh Pattni. However, it was Pattni who established Goldenberg International to implement the scheme.
[2]>
Goldenberg scandal
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The
Goldenberg scandal was a
political scandal where the
Kenyan government was found to have subsidised exports of gold far beyond standard arrangements during the 1990s, by paying the company Goldenberg International 35% more (in
Kenyan shillings) than their foreign currency earnings. Although it notionally appears that the scheme was intended to earn
hard currency for the country, it is estimated to have cost Kenya the equivalent of more than 10% of the country's annual Gross Domestic Product,
[1] and it is possible that no or minimal amounts of gold were actually exported. The scandal appears to have involved political corruption at the highest levels of the government of
Daniel Arap Moi. Officials in the former government of
Mwai Kibaki have also been implicated.
Background[edit]
Similar to most countries, Kenya encourages
international trade by granting tax-free status to commercial enterprises involved in the export of goods and sometimes subsidises these exports. The Goldenberg scandal was based on the fact that exporters who deposited US$ earnings with the Kenya
central bank received in exchange the equivalent in Kenyan shillings plus 20 percent.
However,
gold mining represented a tiny portion of Kenya's GDP, with only one operational gold mine (at
Kakamega). Goldenberg International therefore developed a scheme of smuggling gold into Kenya from
Congo, so that they could legally export it at the higher export price offered by the Kenyan government.
Details[edit]
The chief architect behind the scheme was a relative of the Kenyan businessman
Kamlesh Pattni. However, it was Pattni who established Goldenberg International to implement the scheme.
[2]