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{
    "id": 540933,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/540933/?format=api",
    "text_counter": 146,
    "type": "speech",
    "speaker_name": "Hon. Kaluma",
    "speaker_title": "",
    "speaker": {
        "id": 1565,
        "legal_name": "George Peter Opondo Kaluma",
        "slug": "george-peter-opondo-kaluma"
    },
    "content": "We are not told how the interests of the depositors were secured, but the letter of allotment was issued and the property was given to Rivack Limited. The most important thing is that on 2nd May, 2013, a new title deed was issued to Rivack Limited. A month later, Rivack Limited transferred the property to a company known as “Tegus Limited”. Who is Tegus Limited? Investigation reports were put before us confirming the ownership of Tegus Limited. It is a conglomerate of companies called Watu Watu Limited, Sunnex Enterprises Limited, Rachel Wanjugu and other individuals. Who are the shareholders of Watu Watu Limited? They are Ahmed Adan and Asman Adan. The shares of all these other companies had been transferred to Watu Watu Limited. Essentially, during the investigations, Integrity Centre was owned by Ahmed Adan. We are investigating this matter. Having stumbled on this matter, and not knowing how the interests of the depositors were dealt with, the House Committee recommends that we investigate how this matter came about. With those remarks, I humbly second the amendment."
}