Raila Odinga Company linked to Panama Papers Financial Scandal
A company associated with Coalition for Reforms and Democracy (CORD) leader, Raila Odinga, has been linked to a financial scandal now commonly known as ‘Panama Papers’ where the entity is alleged to have registered several shell companies with the Panamanian law firm, Mossack Fonsenca, to evade tax.
Energem Resources Inc, which entered Kenya in 2004 after buying a 55 per cent stake in Mr Odinga’s Spectre International, is also linked to dubious companies involved in diamond mining in West and Southern Africa and in a private security firm – once accused of mercenary activities.
Although Mr Odinga’s name doesn’t feature in the papers, Energem Resources’ bosses – Mr Brian Menell, Mr Jimmy Kanakakis (aka Demetrios Panagiotis Kanakakis) and Mr Tony Teixeira are named as directors of another company, Koidu Limited, registered in the British Virgin Islands by the Panamanian firm, Mossack Fonseca.
Texeira and Raila Odinga are close buddies and in 2012, the two were linked to corrupt business deals in the energy and mining sectors in Kenya and Southern Africa worth millions of dollars.
In his book, Peeling Back the Mask, A quest for Justice in Kenya, renowned lawyer, Miguna Miguna, said Texeira and Odinga engaged in shadowy mining partnerships in the Zambian Copper Belt.
Other Kenyans who have been linked to shoddy deals in Panama Papers are Deputy Chief Justice Kaplana Rawal and businessman Peter Alfred Ndakwe.
The Former Prime Minister is yet to comment about his association with Teixeira.