KRA intercepts Sh1.1m in foreign currency being smuggled through JKIA

The Kenya Revenue Authority (KRA) has unearthed a currency smuggling syndicate operating through Kenya.

This after the taxman nabbed Sh1.1 million in four foreign currencies being smuggled through the Jomo Kenyatta International Airport.

The shipment had Congolese Francs, Ugandan shillings, Eritrean Nakfa and Burundian francs.

“The consignment consisting of 2,350,000 Congolese Franc, Ushs 21,200,000, 30,154 Eritrean Nakfa and 65,000 Burundian Franc packed in several denominations of notes and coins, was intercepted by Customs officers on 26th December, 2016,” KRA said in a statement.

KRA customs officials say the shipment had been disguised as collector’s items headed for Fuerth, Germany.

KRA and the police have launched investigations on the source of the currency and reasons for export.