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Grand Regency Scandal
Erupting in June 2008, the Grand Regency Scandal concerns the sale of the Grand Regency Hotel in Downtown Nairobi, Kenya, from the Central Bank of Kenya to an unspecified group of Libyan investors called "Libya Arab African Investment Company".〔BBC News, 30 June 2008: ( Probe into Kenya hotel sell-off )〕 The sale was directed by Finance Minister Amos Kimunya, leading to passage of near-unanimous censure of Kimunya by the Kenyan Parliament on 1 July 2008.〔Business Daily, 2 July 2008: ( Kenya: MPs Censure Kimunya Over Sale of Grand Regency Hotel )〕 On 8 July 2008 Kimunya submitted his resignation, and called for an investigation to clear his name.
The controversy involves the no-bid nature of the sale, the secrecy under which it was negotiated, the identity of the buyers, and the price of the luxury hotel- reportedly 2.9 billion Kenyan Shillings (approx. US $44 million), around one-third of previous appraisals of the property's value in the neighbourhood of 7 billion Kenyan Shillings (approx, US $114 million). The value of the hotel is disputed by Kimunya. Lands Minister James Orengo blew the whistle on the sale, charging his fellow cabinet minister, Kimunya, with corruption.
==Background==
The Grand Regency hotel played a minor part in the Goldenberg Scandal, one of the largest corruption scandals uncovered in Kenya (See article: Corruption in Kenya.) Goldenberg involved the trans-shipment of large quantities of gold through Kenya, with a 35% subsidy paid to the Goldenberg company by the Government of Kenya. Much of the gold was smuggled out of the Democratic Republic of the Congo, site of a civil war. It is estimated the earlier scandal cost the country around 10% of one years' GDP, and many of the country's current leaders have been implicated.〔Nairobi Chronicle, 25 April 2008: ( Goldenberg ghost haunting Kenya Government )〕
Kamlesh Pattni, a central figure in the Goldenberg investigations and a founder of the Goldenberg company, reportedly used proceeds from the Goldenberg scandal to build the Grand Regency. In addition to the questionable source of the funds, Pattni acquired the lands from the Central Bank of Kenya in highly suspicious circumstances. Under a law passed in 2002 offering amnesty to those who return proceeds of corruption, Pattni negotiated immunity from prosecution for his role in Goldenberg in exchange for the transfer of the Grand Regency to the Central Bank of Kenya.〔East Africa Standard, 29 June 2008 http://www.eastandard.net/news/?id=1143989317&cid=4 Grand Regency: What does Kibaki know?〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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