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{
    "id": 349321,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/349321/?format=api",
    "text_counter": 68,
    "type": "speech",
    "speaker_name": "Mr. Khang’ati",
    "speaker_title": "",
    "speaker": {
        "id": 42,
        "legal_name": "Alfred Khang'ati",
        "slug": "alfred-khangati"
    },
    "content": "Mr. Speaker, Sir, we carried out investigations. I have with me what was specifically being investigated and the section of the Banking Act was being violated. If the hon. Member wants me to indicate to him, for example, that one of the areas which was being investigated and which touches on money laundering has to do with violation of foreign exchange guidelines, Section 4. It was reported that a number of foreign exchange transactions above US$ 50,000 had no supporting documentation and were not reported to the CBK as per requirements. That, in many cases, the bank colluded with its clients to split receipts and payments to US$10,000 or the equivalent in other foreign currencies to circumvent the CBK reporting requirements. That, also, Foreign Exchange Guideline Section 5.2 where the bank purported to lend one Mr. Paulo Santanino’s company, Tradex of Italy US$60,000 without appropriate documentation, security declaration of the source of the repayments as required et cetera . So, all these things are listed and I cannot read all of them. These are the violations which are there. With your permission, I can table them."
}