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{
"id": 5760,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/5760/?format=api",
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"type": "speech",
"speaker_name": "Prof. Muigai",
"speaker_title": "The Attorney General",
"speaker": {
"id": 408,
"legal_name": "Githu Muigai",
"slug": "githu-muigai"
},
"content": "According to records at the Official Receiver’s Office, 216 companies have been placed under receivership since 1986. The Attorney General is not in a position to ascertain, which, if any of these companies is making a profit. (b) It is not possible to assign a precise figure of the amount of money that the Government may have lost through companies that have closed down after being placed under receivership. Most of the recent receiverships have been handled by private receivers, and under the Deposit Protection Fund, which is under the Central Bank of Kenya. A total of 26 companies where the Government of Kenya held shares have been placed under receiverships since 1986. Twenty two of them have been sold, while under receivership. One is still in the last stages of liquidation while two are still under receivership. The last one is Uchumi Supermarket Limited. The receivership has been lifted and the company has recovered. It has been readmitted to trading in the Nairobi Stock Exchange. I am happy to confirm that it is making a profit. The following are the companies I have referred to. They are 26 of them. If you direct me to read them, I shall do so."
}