Some people will go to shocking extents while trying to make money?
There are many Kenyans who do genuine businesses, but there are others who are just out to make quick money.
While many Kenyans have heard of money laundering, very few people know how it operates.
Nairobi-based logger Edgar Obare has opened the lid on how some top politicians and businessmen use celebrities to advance their illegal interests.
So how do unscrupulous businessmen engage in “wash wash” and how do they rope in celebrities?
Take this example given on Obare’s Insta stories.
A contractor wins a tender for a government project and perhaps there is a politician or a well-connected businessman who pulled the strings behind the scenes.
This politician or businessman will demand kickbacks from the contractor. If it was a multi-million deal, then it means the contractor will cough up quite a lot of money.
When he/she receives the money, obvious in cash because banks cannot allow such transactions, they must find a way of depositing the colossal amounts in the banks.
This is where some celebrities come in.
They will contact a high-profile celebrity and offer to help him/her with capital to start a business, say a high-end beauty salon or a petrol station.
When the business is opened, clients will start streaming in and at the end of the day, some money will have been made.
Let’s say the businessman makes Ksh100,000 in a day. The “wash wash” guy will collude with his accomplice (the celebrity) to cookbooks and make the amount higher, by say, Ksh900,000.
It means the celebrity business owner will deposit Ksh1 million in his bank account. It is unlikely that he/she will be questioned, but the Ksh900,000 loot will have been made genuine.
This will continue until all the millions are “cleaned”.
Alternatively, a money-launderer will sponsor a celebrity’s gig for a lot of money. And because a lot of money will be required in planning, the businessman or politician will dish out cash and it will be deposited in banks.
There are other forms of money laundering that involve con investors.