Mon, 05 Jun 2017 12:45:34 +0000 …plead Saturnia trustees By Nation Reporter THE Government should seize the offshore accounts into which nearly K400 million Saturnia Regna Pension Trust Funds were illegally transferred to Luxembourg and other European investment havens. The money was externalised by the Fund Managers Benefits Consulting Services Limited and African Life Financial Services Limited without the authority of the Minister of Finance as required by law. Speaking to the Daily Nation yesterday, one of the Saturnia Regna Pension Fund Trustees revealed that the Board was in complete darkness over the investment. “We do not know how this money was transferred, in whose name it was transferred and indeed what interest it is earning,” he said. Already, he said, British authorities were questioning ownership of Saturnia funds because of a discrepancy in ownership which has raised suspicions of money laundering. He proposed the seizure of the two accounts at Blackrock and Global […]
