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{
    "id": 1299061,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1299061/?format=api",
    "text_counter": 268,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung’wah",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker. I rise to support the amendment by Hon. Samuel Atandi. If you read the Report, Members will note there was a bit of inconsistency in the manner and format that it is tabled in the House. The Committee observed that Cytonn High Yields Solution Platform and associated companies defrauded many Kenyans. In some of the observations, they noted a possible culpability of the Chief Executive Officer (CEO) of Cytonn Investments Company, Edwin Dande. For the record, it is good to note that Edwin Dande was my classmate in high school. He is a very intelligent and well-schooled young man. Our personal relations with people should not override our public duty and responsibility to hold them to account when they defraud Kenyans. That is why I rise to support Hon. Atandi. Indeed, the CEO and management of Cytonn High Yields Solution Platform must be held to account for the enormous losses they occasioned investors who, as the Report says, were enticed in what seemingly was almost a pyramid scheme. They promised Kenyans very high returns, which, under ordinary circumstances in the money market, you cannot get. They did this to collect money from gullible Kenyan investors. As usual, when they are invited to put money and get a very high return, Kenyans get enticed to do so with the hope of recouping both their investments and promised returns. As Hon. Atandi has said, he was taken to court on account of what he said not outside, but within the precincts of Parliament. As a House, we must protect Members of Parliament. The Parliamentary Powers and Privileges Act protects Members from what they do in pursuit of their work as Members of Parliament. Hon. Atandi did not present this Petition because Dande comes from his village, county or because the petitioners are his friends. As you can see, those Kenyans petitioned Parliament because they reached a dead end. They reported to the DCI, and nothing was done. Today, there is hue and cry."
}