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"id": 312776,
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"type": "speech",
"speaker_name": "Mr. Mbadi",
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"legal_name": "John Mbadi Ng'ong'o",
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"content": "Mr. Temporary Deputy Chairman, Sir, I want to go by the amendment as proposed by the Attorney-General. Let us support the further amendment. What we want to cure here is where I would be working for an organization and have a company closely associated with me in a way that I can control that company and at the same time I can control the organization that I work for. Therefore, I will be able to influence the tendering. “Controlling interest” in financial parlance is very clear. It means that if there is no other person having an interest more than yours, then you have a controlling interest. I want to give an example. If I have, say, 30 per cent and no other single entity or individual has 30 per cent or anything above, then I have a controlling interest in that company. Therefore, I may not be a majority shareholder, but I would still have controlling interest in that company, therefore, benefiting more than any other person. I am very comfortable with the amendment by the Attorney-General."
}