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{
    "id": 313045,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/313045/?format=api",
    "text_counter": 92,
    "type": "speech",
    "speaker_name": "Mr. Githae",
    "speaker_title": "",
    "speaker": {
        "id": 159,
        "legal_name": "Robinson Njeru Githae",
        "slug": "robinson-githae"
    },
    "content": "Mr. Deputy Speaker, Sir, I do not know which of the answers I have given is substantially incorrect. As I said, Charterhouse Bank was not fined Kshs1 million because of tax evasion. It was fined because of violation of the Banking Act. I can also confirm that other banks were also fined a similar amount for violating similar guidelines. Charterhouse Bank was not closed because of those violations; it was put under statutory management in order to protect depositors. When bad publicity started targeting the bank, there was fear that there would be a run on the deposits. So, it was a way of protecting depositors. Mr. Deputy Speaker, Sir, as suggested by hon. Shakeel, I will have a look at the Committee report and seek to have a meeting with the Committee, so that we can discuss the matter and bring it forward."
}