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{
    "id": 321368,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/321368/?format=api",
    "text_counter": 338,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "whether the Minister could confirm that the Central Bank of Kenya appointed a manager to Charterhouse Bank in 2006 and that thereafter contracted PriceWaterHouseCoopers to ascertain commission of criminal offenses. If so, could he provide a copy of the letter appointing PriceWaterHouseCoopers? He has not provided that letter. That letter could contain the terms of reference, but he has not provided it. It will also show their acceptance of the terms of reference. Not having done that, he has not answered the Question. His answer states as follows:- “I confirm that the CBK appointed a statutory manager for Charterhouse Bank Limited on 23rd June, 2006 and thereafter engaged M/s PriceWaterHouseCoopers Limited to ascertain commission of criminal offense.” Mr. Deputy Speaker, Sir, the power of appointing a statutory manager is statutory; it comes from the law. The manager appointed has the sole duty to assume management, control and conduct the affairs and business of the institution and to exercise all powers of the institution to the exclusion of its board of directors, including the use of its common seal. What is the source of the power for the manager to investigate criminal activities?"
}