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{
    "id": 11787,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/11787/?format=api",
    "text_counter": 93,
    "type": "speech",
    "speaker_name": "Mr. Kenyatta",
    "speaker_title": "The Deputy Prime Minister and Minister for Finance",
    "speaker": {
        "id": 168,
        "legal_name": "Uhuru Muigai Kenyatta",
        "slug": "uhuru-kenyatta"
    },
    "content": " Mr. Speaker, Sir, I beg to reply. (a) I am aware of various developments in relation to CMC Holdings Ltd and my Ministry, through the CMA, is taking various steps to facilitate the resolution of the issue and to protect the interest of shareholders and the investing public. (b) On 16th September, 2011, CMA suspended CMC from trading its shares at the NSE for a period of seven days. That suspension was further extended for a period of 90 days on 26th September, 2011. Further to that, CMA has conducted preliminary investigations into the company whose findings indicate that there are serious issues that require independent forensic investigations. The CMA has also convened a series of meetings with the Board of Directors and senior management of the company. (c) According to information received from the company, the Managing Director, Mr. William Lay, has a valid work permit issued by the Ministry of State for Immigration and Registration of Persons."
}