NAIROBI: Kenya is the third most corrupt country in the world. This is according to a survey on prevalence of economic crimes released in Nairobi yesterday by audit firm PriceWaterhouseCoopers (PwC).
According to the survey, Kenya only fared better than South Africa and France. The findings come a day after President Uhuru Kenyatta said Kenyans were experts in stealing, whining and perpetuating tribalism. The President said this while addressing Kenyans who live in Israel.
Similar views were expressed by Chief Justice Willy Mutunga during a newspaper interview weeks before. The Chief Justice told Dutch newspaper NRC Handelsblad that Kenya had become a bandit economy where corruption pervaded all levels of society.
The audit firm found that Kenya beat the rest of the world in economic crimes such as embezzlement, bribery and procurement fraud.
More worrying from the survey is the declining confidence in the ability of law enforcers to deal with these crimes.
"A worrying trend in the survey is the low levels of confidence in local law enforcement's ability to investigate and prosecute economic crimes," said PwC's Forensics Leader in Eastern Africa Muniu Thoithi.
The report comes amid growing public anger over the wanton theft of public resources following revelations over the loss of Sh791 million at the National Youth Service (NYS).
Before the NYS saga that has sucked in top government officials, the jury is still out on how the government spent the Sh250 billion it raised from the Eurobond.
Investigations have also been revived on the alleged role of Kenyan electoral officials in bribery by officials of a UK security printing firm to win printing contracts for 2013 General Election materials.
The crimes stray into other spheres. In the private sector, a clique of top managers of Imperial Bank are in court for allegedly stealing more than Sh34 billion from bank deposits.
In most cases of economic crimes, the perpetrators were mainly insiders, a fact that has now been confirmed by PwC's findings.