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"speaker_name": "Hon. Serem",
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"content": "Hon. Temporary Deputy Speaker, I did not even know that he was one of them. But if he is, he should apologise for interfering with my presentation. If he is coming out of the hiding areas, well and good. I want to urge the Government, before we engage our service to any investor, we should do due diligence. Some characters may not even own any similar business in their home countries. If you look at the entire process, it was designed so that these owners can take over. Technically, it was meant to benefit individuals in the system. Just before the financial year 2012, there was indication that Telkom Kenya required about Kshs2.5 billion for restructuring. There was no provision at the National Treasury. So, it was designed in a way that the National Treasury would fail to pay so that Telkom Kenya could proceed to own 10 per cent. It was 10 per cent of a company that we did not even know how much it was worth. There was no valuation in the first place. So, you wonder how these guys would arrive at 10 per cent out of failure to pay Kshs2.5 billion. I beg to second. Thank you."
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