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{
    "id": 542510,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/542510/?format=api",
    "text_counter": 241,
    "type": "speech",
    "speaker_name": "Hon. Keynan",
    "speaker_title": "",
    "speaker": {
        "id": 41,
        "legal_name": "Adan Wehliye Keynan",
        "slug": "adan-keynan"
    },
    "content": "Because the process was fraudulent, we are also asking the Government to urgently renegotiate. We lost about Kshs2.5 billion. On 31st December 2012, they went into an agreement to recapitalise Telkom Kenya because the new owners said that the company was not doing well and, therefore, they wanted to inject resources. Can the Government of Kenya play its role as a shareholder? Somebody signed an agreement. That agreement was not honoured because it was neither backed by the law nor backed by a budgetary provision. We paid Kshs2.5 billion. Up to now, nobody knows the whereabouts of the Kshs2.5 billion. It is not even factored in the shareholding. It is part of the money we lost. Therefore, the Government should immediately renegotiate with the aim of recovering the shareholding and the amount that was purportedly contributed without being factored in the Budget. Once we do this, we will be in a position to properly sit down with the individuals who initially got 51 per cent shareholding of Telkom Kenya. This is an urgent thing. This House is not a rubber stamp. This Parliament is the true representative of the people of Kenya. Therefore, our recommendations should be considered. I want to urge the Chairperson of the Committee The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}