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{
"id": 201975,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/201975/?format=api",
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"type": "speech",
"speaker_name": "Mr. Muturi",
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"speaker": {
"id": 215,
"legal_name": "Justin Bedan Njoka Muturi",
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"content": "Mr. Speaker, Sir, therefore, the Committee recommends as follows: (1) That, the Director-General of the KACC immediately institutes investigations into the circumstances and manner in which the 10 per cent of Telkom Kenya Limited shares in Safaricom Limited was irregularly transferred to Mobitelea Ventures Limited without the consent of the Treasury, and that of the parent Ministry, with a view to taking appropriate action against any person or persons found to have been culpable in the matter. (2) That, this House asks the Director of the KACC to include a progress report on the investigations in our first recommendation above in the Commission's quarterly reports to the House for the next immediate period. (3) That, this House invites any organisation with knowledge about the manner in which nominee companies are registered in the Islands of Guernsey, Angwila or Antigua, with a view to assisting the KACC to arrive at the ownership of that shady company referred to as \"Mobitelea Ventures Limited\". (4) Due to his roles on the Board of the defunct Kenya Posts & Telecommunications Corporation (KPTC) and Telkom Kenya Limited at the time of changes in Safaricom shareholding and the Communications Commission of Kenya, as exemplified by the evidence adduced and papers laid, this House recommends that the Director of the KACC investigates the activities of one Eng. John Waweru to find what role, if any, he played in the transfer process. (5) That, Messrs. W.N Ayah, A.K. Cheserem, M.P. Manji, K.K. Cherongon, D.A. Oyatsi, G. Mitine, who discussed the Board Paper No.56 of 1999, which I discussed last week, and abetted the outright transfer of public shares in Safaricom Kenya Limited, be barred from holding public office conferred by the Republic of Kenya. (6) That, the Chief Executive of Telkom Kenya Limited, in liaison with the parent Ministry and the Ministry of Finance, determine the value of the 10 per cent shares irregularly ceded to Mobitelea Ventures Limited; Safaricom Kenya Limited, or Vodafone PLC, be made to redeem the determined value by 30th June, 2008, and that the awaited Initial Public Offer of Safaricom be suspended until such time as the above mentioned investigations are done. (7) That, the 10 per cent, which was irregularly transferred to Vodafone PLC, should immediately revert to Telkom Kenya Limited to be held in trust for the Kenyan public, as was the case before, factored in the event of any privatisation of Safaricom Limited. Mr. Speaker, Sir, that was just one of the many State Corporations that we dealt with---"
}