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{
    "id": 1285164,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1285164/?format=api",
    "text_counter": 513,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Chairlady. I support and just wanted to add to what the Chairman of the Departmental Committee on Finance and Planning is saying. Indeed, the Committee is right. The moment you privatise a state-owned entity and sell off your shares, it no longer belongs to the public. If you were to use proceeds of what you have received from a private investor who has bought off your shares to settle debts of that entity, that is now a private entity; it means you are either re-investing public money into a private entity and reversing the privatisation or you are simply using public money to pay private debts. That is state capture. Therefore, the Committee is on the spot, and I support the deletion of this particular clause. The drafter of this Bill must have been a functionary of the past regime’s state capture. I must thank the Committee for deleting that provision."
}