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{
    "id": 267503,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/267503/?format=api",
    "text_counter": 464,
    "type": "speech",
    "speaker_name": "Mr. Keynan",
    "speaker_title": "",
    "speaker": {
        "id": 41,
        "legal_name": "Adan Wehliye Keynan",
        "slug": "adan-keynan"
    },
    "content": "Mr. Deputy Speaker, Sir, Equity Bank in 2010 borrowed Kshs1.6 billion and in 2011 they borrowed Kshs23 billion. The Diamond Trust Bank in 2010 borrowed zero and in 2011 they borrowed Kshs2.2 billion. The I&M Bank in 2010 borrowed Kshs12 billion and in 2011 borrowed Kshs22.7 billion. If you add this; the borrowings of 2010 against 2011, in 2010, they are Kshs11 billion but in 2011, the borrowings from the Central Bank of Kenya, at concessionary interest rates are Kshs600 billion and this is what I was saying it belongs to the Kenyan taxpayer. Out of this, we have also done a cumulative analysis and these banks borrowed from the CBK at less than 10 per tent. Using the same money for Treasury Bills and Bonds, they offered the same back to the Government at an interest rate of 24 per cent and in the process within those three months, one made close to Kshs29 billion. If this is not crime; if this is not economic crime, I do not know what other things constitute economic crimes."
}