Kenya finds $71m in suspect cash as it retires old notes
Bank governor Patrick Njoroge says notes worth 7.4-billion Kenya shillings were not exchanged
02 October 2019 - 19:57
Nairobi — A Kenyan anticorruption drive uncovered the equivalent of tens of millions of dollars in unexplained wealth when it retired old banknotes, the central bank said on Wednesday, adding that much of the cash appeared to have been gained in “the criminal area”.
The East African nation has a diverse, fast-growing economy, but foreign investors have long complained of widespread graft and weak application of anti-money-laundering laws...
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