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Coins and gold bars scattered on a table
Photo
File
British-Kenyan businessman Kamlesh Pattni was dealt a blow on Monday after Britain imposed financial sanctions on him for involvement in corruption.
Through the International Corruption Unit (ICU), an agency that investigates international bribery and corruption, Britain has sanctioned Pattni for using bribes to export gold from South Africa.
“Today’s sanctions consist of three individuals designated under the UK Global Anti-Corruption Sanction Regulations 2021. Kamlesh Pattnia British-Kenyan businessman who used bribery to export gold from southern Africa as a means to launder dirty money,” the statement read in part.
Pattni was sanctioned along with his wife and brother-in-law, who the ICU stated have a long history of involvement in its network of companies.
Coins and gold bars scattered on a table
Photo
File
British officials said they would freeze assets belonging to Pattni and other associates.
In a statement, Britain’s Foreign, Commonwealth and Development Office said the sanctions were aimed at disrupting the business dealings of Pattni, which it accused of smuggling illegal gold from South Africa.
The businessman has been linked to several scandals in the past, including the Goldenberg scandal that turned the country upside down in the 1990s.
It involved the fraudulent export of gold and other commodities, which led to significant financial losses for the Kenyan government.
Pattni has been implicated in the use of bribery and corrupt practices to facilitate the export of gold from southern Africa, which has raised concerns about money laundering related to his activities.
The tycoon was sanctioned under the UK’s Global Anti-Corruption Sanctions Regulations 2021, which allows the UK government to impose asset freezes and travel bans on individuals involved in serious corruption and related crimes.
The sanctions against Pattni are part of wider efforts by the British authorities to combat international bribery and corruption, which have implications for both national and international security.
The UK Graft body noted that Pattni’s activities not only undermine economic stability but also contribute to organized crime networks that exploit natural resources in conflict zones.
Businessman Kamlesh Pattni
(COURTESY)
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