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{
"id": 56126,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/56126/?format=api",
"text_counter": 94,
"type": "speech",
"speaker_name": "Dr. Oburu",
"speaker_title": "The Assistant Minister, Office of the Deputy Prime Minister and Ministry of Finance",
"speaker": {
"id": 194,
"legal_name": "Oburu Ngona Odinga",
"slug": "oburu-odinga"
},
"content": " Mr. Speaker, Sir, I beg to reply. (a) The Central Bank of Kenya is not holding any money belonging to the pyramid schemes. As for the amount held by commercial banks, the Central Bank had information on only Kshs11,039,687.50. (b) Since the pyramid schemes were illegal, there is currently no money held in any form to refund victims of this scheme. Therefore, I am not in a position to say when the victims will be refunded their money. (c) All complaints received from members of the public were channeled to the Banking Fraud Investigations Department for investigations. After investigations, the Banking Fraud Investigations Department forwarded its report to the Attorney-General for review and advice on prosecution. In this regard, I am aware that several individuals have been arrested and arraigned in court with various offences relating to pyramid schemes."
}