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{
    "id": 169229,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/169229/?format=api",
    "text_counter": 521,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Madam temporary Deputy Speaker, when you look at what Pattni said--- He categorically said he had handed over the Grand Regency Hotel to the Central Bank of Kenya on condition that all criminal and civil cases against him and his associate companies would be withdrawn. The handover of the hotel was meant to give him amnesty in regard of all civil and criminal cases against him and his associated companies in respect of the Goldenberg saga. The consent order was just part of a global arrangement in which all cases against him and associated companies are withdrawn. That is the basis upon which we are inclined to believe that actually, it is Pattni, himself, who decided the value of the property, the sale and bought the property. That is shown very clearly in this Report. Mr. Pattni considered the price of the hotel. That is on page 13, for those who have the Report. He considered that the price of the hotel was Kshs2.9 billion, which is $45 million, given that no renovation had been done on the hotel, including the replacements. There was Kshs342 million which was lying idle. He went further to request for some pocket money because it was his money that was there."
}