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{
    "id": 154252,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/154252/?format=api",
    "text_counter": 177,
    "type": "speech",
    "speaker_name": "Mr. Mungatana",
    "speaker_title": "",
    "speaker": {
        "id": 185,
        "legal_name": "Danson Buya Mungatana",
        "slug": "danson-mungatana"
    },
    "content": "Mr. Deputy Speaker, Sir, thank you for giving me this opportunity. Mr. Deputy Speaker, Sir, something very curious has been happening in the investment area. I seek a Ministerial Statement from the Deputy Prime Minister and Minister for Finance on what should happen when Kenyans are exposed to companies that come to this country, advertise certain services, demand forward payment and then close up and take off. Mr. Deputy Speaker, Sir, I have in mind GTV and Car Track. All these are companies which came to this country, demanded forward payment and Kenyans paid for the services. After a while, these companies closed down and took off. There is no trace of them whatsoever. I would want to request the Minister for Finance, in particular, to tell this country: - (a)How much money was lost by Kenyans to GTV that had promised them that they would watch the 2010 soccer world cup finals in Kenya; (b)whether GTV has any arrangement of refunding these monies to the Kenyans who paid; (c) whether there are any rules of financial regulations that protect Kenyans from investors of this calibre who come, demand forward payment and disappear on Kenyans; and, (d) if those rules do not exist, when the Government will put the regulations in place. Mr. Deputy Speaker, Sir, in particular, could the Minister consider requesting for specific deposits of a certain amount with the Treasury so that if any investor would require forward payment, there is automatic protection of the Kenyan investor in such a company?"
}