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{
    "id": 666517,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/666517/?format=api",
    "text_counter": 254,
    "type": "speech",
    "speaker_name": "Hon. ole Kenta",
    "speaker_title": "",
    "speaker": {
        "id": 420,
        "legal_name": "Richard Moitalel ole Kenta",
        "slug": "richard-moitalel-ole-kenta"
    },
    "content": "Hon. Speaker, I rise to let the House know what has transpired as a Member of the Committee on Environment and Natural resources. This issue came up. It is a very murky issue. The present investor, a Chinese, took a loan from the Cooperative Bank. He used the money as collateral to get a Kshs2.5 billion loan from the Cooperative Bank. The mall is almost complete, but it is collateral. There is a threat of selling it. As a Committee, we realised that it is a very important asset to Kenyans and the Government. We thought that other than losing it and maybe some people would like it to be sold and there may be grabbers who are waiting to grab it - we were between a rock and a hard place - the best thing was for us to secure the mall and then whoever who was involved, in that terrible thing should be followed up. The moment you do not allocate this money, the mall will be sold and it is worth billions of shillings. The benefit the people of Kisumu have been waiting to get from the mall will not be realised."
}