Jersey confiscates £3.6 million proceeds of corruption

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25 February 2016

On 24 February 2016, Windward Trading Limited, a Jersey registered company, pleaded guilty to four counts of money laundering before the Royal Court of Jersey. The Royal Court imposed a confiscation order of £3,281,897.40 and US$540,330.69, thereby stripping the company of all its assets.

Criminal conduct

Windward admitted to laundering the proceeds of corruption between 29 July 1999 and 19 October 2001. The corrupt activities took place in Kenya where Windward’s beneficial owner, Samuel Gichuru, is resident. During the period on the indictment, Mr Gichuru was also the Chief Executive of Kenya Power and Lighting Company [KPLC], the Kenyan government’s electricity utility company. KPLC awarded valuable contracts to a number of engineering and energy companies worldwide who all made corrupt payments to Windward. The confiscation order provides an indication as to the scale of the criminal conduct that took place.