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{
    "id": 141941,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/141941/?format=api",
    "text_counter": 493,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Temporary Deputy Speaker, Sir, it is of concern that the issue of idle assets in parastatals is not being addressed. We have seen cases of Kenya Railway Corporation (KRC) having idle land. Other parastatals have machineries which stay in Mombasa for ten years and then they are disposed off at a pittance. Those officers should be brought to book. I propose that the Departmental Committee on Implementation takes this matter seriously and gives sanctions accompanied by surcharges for losses of public funds. There is a small hitch which is not explored by the PIC and I wish to bring to your notice. Public investments, through Treasury and other arms of the Government, which are in the form of shareholding in institutions which the Government owns less than 50 per cent, are not subject to this scrutiny. I propose that this be brought to scrutiny so that we can know what the investments are actually yielding on a yearly basis and whether it is proper for those investments to continue or to be sold off."
}