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{
    "id": 307592,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/307592/?format=api",
    "text_counter": 91,
    "type": "speech",
    "speaker_name": "11 Thursday, 23rd August, 2012 (P) Mr. Shakeel",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Deputy Speaker, Sir, I sit in the Departmental Committee on Finance, Planning and Trade. We spent a lot of time investigating Charterhouse Bank, after which we made a report. Would I be in order to ask that, before the Minister makes any further proclamations, he either looks at that report or he appears before the Committee, so that we can update him on the situation? What he has just said is substantially incorrect. Charterhouse Bank was fined Kshs1 million for not adhering to the banking regulations, but so were 12 other banks fined, including Barclays Bank and Standard Chartered Bank. The other banks were not closed. Furthermore, the CBK gave an undertaking to this House that it would issue very strict guidelines on operations of banks. However, the CBK has already relaxed those guidelines. It has informed commercial banks that the guidelines are relaxed. So, the CBK is not keeping in line with its undertaking to this House."
}