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{
    "id": 683573,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/683573/?format=api",
    "text_counter": 273,
    "type": "speech",
    "speaker_name": "Hon. Ichung’wah",
    "speaker_title": "",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "That brings me to my second concern, which has been articulated by the Chair. There are the National Treasury regulations on how Government agencies, parastatals and Ministries should invest their surplus funds. There is a trail of transactions involving public funds in billions of shillings at Chase Bank, Imperial Bank, Dubai Bank and many other banks which have collapsed in this country. If you go through the accounts of Imperial Bank and Chase Bank, which have collapsed, you will find a string of Government parastatals and agencies which have put huge deposits there. Some of them are in billions of shillings. Two weeks ago, His Excellency the President challenged officers from the Ministry of Transport and Infrastructure, Ministry of Housing and Urban Development and the Kenya Ports Authority (KPA) during the Infrastructure Summit at State House, Nairobi. The KPA has deposited billions of shillings in some of the collapsed banks. Nobody is keen on investigating the circumstances under which these parastatals and other Government agencies have invested public funds which should have been utilised to create jobs for the youth, from whom we are stealing through YEDF."
}