Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 321560,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/321560/?format=api",
    "text_counter": 530,
    "type": "speech",
    "speaker_name": "Prof. Kaloki",
    "speaker_title": "",
    "speaker": {
        "id": 62,
        "legal_name": "Philip Kyalo Kaloki",
        "slug": "philip-kaloki"
    },
    "content": "Mr. Deputy Speaker, Sir, I rise, first of all, to support this particular Bill. We are debating an Act of Parliament which is going to deal with the proceeds of crime and money laundering. We are strengthening the Act which is already there. The Act was enacted in 2009. Mr. Deputy Speaker, Sir, money laundering is a crime that must be punished because it destroys the economy. It waters down the investments to our country and to the region. The region cannot move forward and become competitive. You cannot be able to measure real employment because you cannot measure the inflow. The Central Bank of Kenya (CBK) cannot control the money flow into the economy. So, what we have is inflation that we cannot be able to control and that punishes the consumers. Mr. Deputy Speaker, Sir, this particular law will strengthen and tighten our economy. It will make sure that real investments are coming into our country. We will be able to deal with the inflation in the country. This particular law also prescribes punishment to people who deal with money laundering. They will be forced to do it elsewhere and not in Kenya. Otherwise, this is a good Bill and we should support it so that we can strengthen our micro and macro-economic activities. Thank you, Mr. Deputy Speaker, Sir."
}