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Reminiscent of the Goldenberg heist in the 1990s, yet another gold scandal has surfaced. At the heart of the Goldenberg scam were top Kenyan politicians who subsidised gold exports in which an estimated Sh100 billion of tax payers’ money was lost. The irony is that the gold was non-existent.
In 2011, President Joseph Kabila of DRC claimed gold worth Sh10 billion had been stolen and smuggled into Kenya by well-connected cartels, which led to the creation of a joint investigative team, and now this.
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