Nairobi, June 25 -- The International Monetary Fund has pressured Kenya to disclose the identity of secret shareholders in firms with State contracts and prosecute those implicated in graft, including the Covid-19 scandal.
The IMF Deputy Managing Director Antoinette Sayeh says unmasking shareholders who secretly benefit from State deals through intermediaries disclosing and prosecuting culprits of the corrupt deals.
The Office of the Attorney General on January 27 gave companies six more months to July 31 to file beneficial ownership registers which will reveal identity of company directors including names, phone numbers and residential addresses in efforts to unmask illicit wealth.
The Ethics and Anti-Corruption Commission (EACC) also s...