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"speaker_name": "Mr. Arungah",
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"legal_name": "Julius Odenyo Arungah",
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"content": "Mr. Temporary Deputy Speaker, Sir, the issues raised were very serious as they would have two-fold effects. One, they could very easily lead to the collapse of a very important institution, leading to the loss of savings by poor wananchi . It could also lead to the total collapse of the Nairobi Stock Exchange with obvious consequences. Mr. Temporary Deputy Speaker, Sir, there are certain issues that were raised by the hon. Member. In his reply, I would like the Minister for Finance to address, amongst other issues that were raised:- (a) To confirm that one James Mwangi, the Chief Executive Officer (CEO) of Equity Bank, was a Finance Manager at Trade Bank and was also part of a senior management team supporting one Kassam, that led to the collapse of a key bank with billions of shillings belonging to poor July 11, 2007 PARLIAMENTARY DEBATES 2401"
}