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{
    "id": 1299169,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1299169/?format=api",
    "text_counter": 376,
    "type": "speech",
    "speaker_name": "Gatundu South, UDA",
    "speaker_title": "Hon. GG Kagombe",
    "speaker": null,
    "content": "Edwin Dande must be criminally held liable and must go to jail. I do not want to do the work of the courts but it is clear for everyone to see. The writing is on the wall that these people choreographed a plot and a ploy to take people’s money. We are getting into a very serious business danger where people are now afraid of putting their money anywhere. You put your money in these kinds of projects, and the company goes under, as they say it. You put your money in housing, it goes. You put it in education, it goes. We have a responsibility to protect people. I just want to say that we probably need to go further than just interrogate this Cytonn business and look at it in isolation. We probably need to put all land buying companies together and make sure that before you touch anybody’s money pretending to want to invest it or even build a house using that money, we have an organisation or an institution that is able to check your record. Such companies must also deposit some money with the Central Bank of Kenya or relevant authorities so that when they do not deliver to the people they will have taken money from, their deposits can be used to refund the contributors’ money. If we say that we put these people under receivership, they have loans. So, between the banks that advanced them billions of shillings and the people who went to their banks and took loans and gave these monies or their savings, who is going to benefit first? It means that even putting them under receivership will still not solve these problems. So, we must stop this from happening in perpetuity. We have so many companies. Everybody will want to steal people’s money. They just come and say, ‘I have started a land selling company. Please, bring your money.’ We want to see something that goes beyond the words. We want to see action and these people going to jail. I thank you, Hon. Temporary Speaker."
}