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{
"id": 1285223,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1285223/?format=api",
"text_counter": 572,
"type": "speech",
"speaker_name": "Kikuyu, UDA",
"speaker_title": "Hon. Kimani Ichung’wah",
"speaker": null,
"content": " That is why I am proposing a further amendment to say “not exceeding Ksh5,000,000” in place of Ksh500,000. Such that if I fail to disclose an immaterial issue that will not constitute a big loss to the entity, I can be penalised between Ksh200,000 and Ksh500,000. However, for a Chief Executive Officer who fails to disclose a material matter, that one should be fined up to a maximum of Ksh5,000,000 and then you leave it to the judges to use discretion to know who to fine Ksh2,000 or Ksh2,000,000. So, I was proposing a further amendment with the words “not exceeding Ksh5,000,000 and a jail term not exceeding five years”."
}