Amani National Congress (ANC) Party Leader Musalia Mudavadi has revealed how corrupt Kenyans are laundering money through forex bureaus.
Speaking during a ceremony in Maragoli on Saturday, the former vice president disclosed that his friends who work in the banking industry had informed him that the new currency exchange rules had really caused panic.
He explained that one customer approached the bankers and informed them that he had Ksh140 million in hard cash.
The man wanted to see if they could provide him with the new-generation notes that were unveiled on June 1, 2019 during the Madaraka Day celebrations.
As fate would have it, the bankers declined to assist him. Instead, he was asked to go to the Central Bank of Kenya (CBK) and declare how he acquired the funds.
The man then asked if he could declare the money through a lawyer. He was then informed that the lawyer would still have to divulge the source of the funds.
He then went to a forex bureau to exchange the money which Mudavadi believes could have been acquired illegally.
The ANC party leader explained that forex bureaus were hindering the war against corruption by accepting money whose sources they don't know.
"People who are desperate are going to forex bureaus and they are buying a dollar for anything between Ksh105 and Ksh107," stated Mudavadi.
Watch the video below courtesy of Daily Nation:
