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Kenyan_Dawn Media

3 Sep, 16 tweets, 4 min read

MONEY LAUNDERING IN ENTERTAINMENT (In Kenya and world) INDUSTRY is scope.

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At one time in history in Britain, 5 members of the British film industry were tried for tax fraud, found guilty of running a fraudulent movie investment scheme that was used to claim an estimated £ 100 million tax reimbursement. With the film, which was part of a £ 2.8 million..

tax fraud, they were sentenced to more than 20 years in total.

"Wolf of Wall Street" Producer was once Charged With Money Laundering
Riza Aziz, the co-founder of the production company was accused of money laundering. Riza, the Malaysian prime minister's stepson, was charged with imprisonment and a fine on five charges against him.

A crime gang and Loose Women presenter Andrea McLean made a low-budget movie to avoid paying taxes. Criminals claimed they were making a £ 20 million gangster movie called "A Landscape of Lies" so they could claim £ 1 million.

At least enough with history. Let’s bring you back home to Kenya. We’ve tackled before how money is laundered in Kenya through churches, Lawyers and Law firms. Let’s get to entertainment.

From This context how wash wash works in Entertainment

Politicians, Gold- scammers are the most notorious in Kenya. They live flashy lifestyle with booze, women and social media motivations.

Through celebrities who are influential and public clout chasers, are their favorite targets to sponsor them with business and use their

influence to market themselves like “music pays” or “art pays”.

1. Juma.

2. Jay Staxx. Owner of A1 Entertainment. Wash wash

3. Whiskey River lounge.

4. Milan

5. Miale entertainment lounge in Nairobi where businessman Bashir Mohamed Mahmoud went missing after wash wash deal gone sour.

6. In the city of Kisumu by the name - DA PLACE lounge owned by one Kennedy Angweng. It’s not a rocket science that income the club makes cannot sustain the caliber of artists and musicians they regularly hire to perform…

The deal is to portray the club as of high deal and through it launder heavy sums of money through it. It’s a proxy to the wash wash.

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More from @Kenyan_Dawn

Kenyan_Dawn Media

@Kenyan_Dawn

5 Sep

Sitted is David Koech former KEMRI boss and standing is his son and Dagoretti North MP aspirant Kiigen Koech.

#KnowYourAspirant.

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NB: There's a difference between maliciously offending somebody - on purpose - and somebody being offended by...Truth. If you're offended by the truth, that's your problem. We have no obligation to not offend you if we’re speaking the truth.

Kiigen Koech is a young optimistic youth man whose life has been built unconditionally from precints of fraud by his father David Koech who laundered money ruthlessly during his tenure at Kemri from 1986 until he was suspended in 2007 to allow investigations.

Read 10 tweets

Kenyan_Dawn Media

@Kenyan_Dawn

5 Sep

https://twitter.com/kenyan_dawn/status/1434085140322467842

MONEY LAUNDERING IN GAMBLING- BETTING FIRMS IN KENYA.

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https://twitter.com/kenyan_dawn/status/1434085140322467842

The betting companies now join the growing list of non-financial institutions such as casinos, real estate agencies and consulting accounting firms that are required to report suspect transactions to the Betting Control and Licensing Board (BCLB).

However, the law does not require betting firms to report the suspect transactions to the Financial Reporting Centre (FRC)—which is mandated to track illicit cash.

Read 16 tweets

Kenyan_Dawn Media

@Kenyan_Dawn

4 Sep

LOCAL SUGAR BARONS, WHO BROUGHT DOWN WESTERN KENYA BELT DOWN TO THEIR KNEES.

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This was 2 days ago in Western Kenya- Kisumu Kibos.

1. Mumias sugar company used to produce 60% of sugar needed in Kenya before it was looted dry and put under receivership of Ponangipalli Venkata Ramana Rao. The miller was in September 2019 placed under receivership by KCB Group to protect its assets and maintain its operations.

Read 9 tweets

Kenyan_Dawn Media

@Kenyan_Dawn

3 Sep

DCI's Transnational Organized Crime detectives arrested 3 wash wash; Abdulaziz Ibrahim Hassan, 54, Dorcas Ntoya, 34 and 26-year-old Arum Bob Busimbi at Midea Apartment's house number 101, in Nairobi's Kileleshwa area with assorted fake local and foreign currencies…

In a Honda Fit KCY 695X owned by one of the suspects, detectives recovered three copies of a fake letter purportedly from Central Bank of Kenya, notifying receipt of Sh 10billion, two copies of United Nation invoices, a forged anti-money laundering clearance certificate..

Read 4 tweets

Kenyan_Dawn Media

@Kenyan_Dawn

3 Sep

Don’t be left in the dark. If you can’t make books or google or NIS your friends. You can make good use of Netflix by checking out these Movies with great intel on Money laundry.

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1. McMafia

The TV series McMafia aired on the BBC and AMC deals with topics such as organized crime, corruption, and money laundering. While the show is fictional, the themes are pretty realistic.

2. The Laundromat

The Laundromat is based on a true story. The 2016 Panama Papers scandal exposed the hidden property and financial affairs of 11.5 million documents from law firm Mossack Fonseca, investors, money launderers, and national leaders.

Read 5 tweets