Just minutes after former Prime Minister Raila Odinga released his expose on the Eurobond saga revealing the names of those who stole over sh 140 billion complete with money trail, including fake bank accounts and receipts, Foreign Financial Journalists in the country have remained sceptical and trashed Raila’s report as malicious propaganda to kill the Kenyan economy.
Foreign Journalists Association in East Africa (FCAEA), the money market analysts and experts in economic intelligence faulted President Uhuru Kenyatta and his Deputy, William Ruto, for allowing Raila Odinga to threaten the economy of Kenya with his wild allegations.
They trashed the former PM’s allegations that sh 140 billion from the Eurobond proceeds was stolen, saying such a huge amount of money cannot go missing without a trace in any economy.
“Today, no modern banking system has capacity to launder Ksh 140bn in a matter of months without a trace, naming the entire Finance Ministry top brass and alleging highly reputable and thoroughly scrutinized international financial institutions like Citi-Bank and JP Morgan & Federal Reserve Bank of New York, is ridiculous!,” said the experts.
They accused Raila of being an economic saboteur, saying his allegations are not backed by evidence that the Eurobond money was stolen.
Here’s the full response by Foreign Financial Journalists to Raila on Eurobond saga;-
“By claiming the transactions aren’t authentic was laughable, all we did was holding breaths for proof of theft as promised by Raila Odinga.
“Constant hyping and misreporting about such a valuable investment is a shame and threatens the investment in the markets. The people named by the former Premier are Government of Kenya’s officials tasked with management of the Finance Ministry, hence naming them was quite nonsensical. The hired consultant account of the money trail targeting big corporations such as Citi-Bank and JP Morgan & Federal Reserve Bank of New York is also malicious and from our perspective, a fishing expedition.
“If Raila Odinga doesn’t show evidence of this alleged theft today, it will be a hit to his credibility”
“It is suspect what the motive of citing all finance ministry top chiefs is and why the onslaught on such a sensitive investment. It is likely Odinga wants the bond to lose value thus ensure the Government won’t have funds to finance key projects it hopes to complete before the elections, and, use that to gain political mileage. All leads to the motive of economic sabotage!”