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"speaker_name": "Hon. Keynan",
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"id": 41,
"legal_name": "Adan Wehliye Keynan",
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"content": "The suspended Acting CEO, Ms. Catherine Namuye occasioned the withdrawal of funds from the Fixed Deposit Account at Chase Bank to pay for goods and services while the Fund had an Operations Accounts held at Equity Bank and Kenya Commercial Bank. This is a sad state. Immediately we got involvement in this matter, we were told on the face that this issue was being investigated by the Directorate of Criminal Investigation (DCI) and the Ethics and Anti- Corruption Commission (EACC). Later on, it is we, as the PIC who led the process. We were even telling them where the funds that were stolen from the YEDF were invested. Eventually, we realised that the police services - the DCI - was actually relying on our information to act. This is something we could not understand because they have the facilities and all the necessary investigating technology to do critical investigations, carry out forensic audit investigations and nab the culprits. This is one thing we found wanting; why critical agencies like the DCI and the EACC would wait until individuals who have participated in this conspiracy have made all the withdrawals from the account and say that they have a court order on an account that has no money. These are issues, as a Committee, we feel, like the Chair of PAC has alluded to, must be dealt with in accordance with the law. For how long are we going to complain? We have agencies that we fund such as the Office of the Auditor-General, the EACC, the Inspectorate of State Corporations and the DCI. These agencies must always be around to protect taxpayers’ money. In this particular case, this did not happen. Sadly, as we report, we are only talking about how much has been lost and not how much has been recovered. By the time the DCI got a court order, the entire transaction was complete and over Kshs180 million was fraudulently moved out of the deposit account of the YEDF."
}