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{
    "id": 195587,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/195587/?format=api",
    "text_counter": 64,
    "type": "speech",
    "speaker_name": "Dr. Oburu",
    "speaker_title": "The Assistant Minister for Finance",
    "speaker": {
        "id": 194,
        "legal_name": "Oburu Ngona Odinga",
        "slug": "oburu-odinga"
    },
    "content": " Mr. Speaker, Sir, I beg to reply. (a) Yes, I am aware of losses incurred by several Kenyans following the collapse of pyramid schemes last year. (b) The Government did not allow the pyramid schemes to go on undeterred. Some of the measures that were put in place to curb the proliferation of these schemes include issuance of cautionary messages to the public, setting up of a multi-sectoral task force to address the issue of pyramid schemes and institution of court action by the Banking Fraud Investigation Department against the promoters of some of these schemes. (c) The responsibility to compensate the victims of pyramid schemes lies with the promoters of the schemes. (d) As I indicated earlier, the Government has initiated court action against the promoters of some of these schemes and will continue to crack down on them. We urge the victims to provide the necessary assistance to law enforcement agencies to expedite the action being taken."
}