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{
    "id": 700603,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/700603/?format=api",
    "text_counter": 115,
    "type": "speech",
    "speaker_name": "Sen. M. Kajwang",
    "speaker_title": "",
    "speaker": {
        "id": 13162,
        "legal_name": "Moses Otieno Kajwang'",
        "slug": "moses-otieno-kajwang"
    },
    "content": "Thank you, Mr. Speaker, Sir. I rise to respond to the request for a Statement by Sen. (Prof.) Lesan. He wanted to know the status of farmers’ money placed by the Kenya Tea Development Agency (KTDA) in fixed accounts in troubled banks. This Statement was circulated to Members yesterday. It is fairly detailed and, therefore, you will allow me to skip the background information and go straight to the questions and the responses because Members have the copies. Mr. Speaker, Sir, the Senator wanted to know how much money is held in fixed deposit accounts in Imperial Bank Limited and Chase Bank Limited and their terms. The response is as follows:- As at 13th October, 2015, when Imperil Bank Limited was placed under receivership, KTDA had Kshs2.926 billion as deposits. As at 7th April, 2016, when Chase Bank Limited was put under receivership, KTDA had Kshs1.9228 billion. The total amount in the two banks was Kshs4,854,679, 692. The Second question was on the history of the investment in Imperial Bank Limited. The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate"
}