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FAKE: Report on US investigating Kenya's $2.75bn Euro Bond not true

Journalist Demetri Sevastopulo of the Financial Times said he did not write any story about Kenya.

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by BRIAN ORUTA

News01 December 2023 - 07:29
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In Summary


  • It claims that the $2.75 billion Euro Bond given to Kenya during the tenure of retired President Uhuru Kenyatta was among the money which was moved into people's private accounts.
  •  It further claims that another $117 billion was moved from the accounts of JP Morgan to accounts belonging to the Kenyatta family members.

On Wednesday, a screenshot of a report allegedly by the Financial Times claiming that the US Federal Reserve has opened investigations into Kenya's 2014 Euro Bond loan circulated on social media.

It claims that the $2.75 billion Euro Bond given to Kenya during the tenure of retired President Uhuru Kenyatta was among the money that was moved into people's private accounts.

It claims the United States is concerned.

It further claims that another $117 billion was moved from the accounts of JP Morgan to accounts belonging to the Kenyatta family members.

The screenshot, which pro-government bloggers and some senior state officials have been sharing on their social media accounts blaming the former administration claims to have been filed by Demetri Sevastopulo, on November 28.

Demetri Sevastopulo is a US-China correspondent for the Financial Times.

On his X account, Demetri said he did not write any story about Kenya.

He said the alleged story is fake.

"This is a complete fake. I did not write any story about Kenya," Demetri said.

Demetri has since cautioned Kenya Airports Authority chairman Caleb Kositany to be careful of what he shares.

Kositany is an appointee of President William Ruto.

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