News / / 07.20.20

The Star Kenya: Nairobi named among top cities with stolen wealth in real estate

Kenya is among country’s whose real estate sector is highly used for laundering proceeds from graft and international financial flows, a report  has shown.

Nairobi is named among top locations in the report by ‘The Sentry’, an investigative and policy team that follows the dirty money connected to African war criminals and transnational war profiteers.

It says African kleptocrats, especially those in war-torn countries, have increasingly favored real estate in African cities, among them Nairobi, as a means for laundering the proceeds of corruption…

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