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{
    "id": 419062,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/419062/?format=api",
    "text_counter": 105,
    "type": "speech",
    "speaker_name": "Hon. Gikaria",
    "speaker_title": "",
    "speaker": {
        "id": 2489,
        "legal_name": "David Gikaria",
        "slug": "david-gikaria"
    },
    "content": "recommends that the Central Bank of Kenya should fast-track the legislation on pyramid schemes in order to provide for stiffer penalties on pyramid-related offences. Thirdly, the Office of the Attorney-General, the Treasury, the Cabinet Secretary for Industrialization and Enterprise Development may consider working jointly towards the establishment of an information centre where victims would register their claims. Fourthly, there has been dire consequences for inaction by the Government as it was sued by Ms Akiba Micro-Finance vide Miscellaneous Application No.1594 of 2005. The accused sought orders for prohibition against prosecution and the High Court awarded the accused Kshs2 billion in compensation. Consequently, other matters before the court against the accused were dismissed and the accused person acquitted. Fifthly, during the consultative meeting between the Committee and the DPP, it was resolved that there will be established a multi-agency team comprising of representation from the following offices, namely, Office of the DPP, the Attorney- General, the police and Central Bank."
}