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{
    "id": 267513,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/267513/?format=api",
    "text_counter": 474,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Transport",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " Mr. Deputy Speaker, Sir, like I have said and I want to reiterate, we are here to get the truth and nothing but the truth. Looking through the document that has been tabled by the Chairman of the Committee and which is the basis for his argument that the banks committed an economic crime for taking money from the public and lending it back to the same public, when I look at this document, there is a schedule here that shows the lending through the CBK window. But his argument that all these money was borrowed and lent in three months and then banks made so many millions because they borrowed cheap and lent to the Government at 26 per cent, I do not see the substantiation. I do not see the substantiation to the effect that the Kshs600 billion was lent to the Government in three months at 26 per cent. This is because when you add up the figures within the last three months, it is just about Ksh120 billion. I think it is important that we do not confuse this House with numbers – mind boggling figures – to make sentimental issues and for purposes--- So I would like us to get the hon. Member to substantiate his claims which is very fundamental that the banking sector in Kenya committed an economic crime by taking Kshs600 billion of the public and lending it to the same public within the three months and made a profit of Kshs29 billion because these papers do not substantiate what the hon. Member is talking about."
}