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{
    "id": 71942,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/71942/?format=api",
    "text_counter": 418,
    "type": "speech",
    "speaker_name": "45 Thursday, 9th December, 2010(P) Mr. Shakeel",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Temporary Deputy Speaker, Sir, I stand to second this Motion. I will take one minute only. I want to stress one thing; that the same allegations that were used to close down Charterhouse Bank are the same violations that 38 banks had. Charterhouse Bank is one of them and is No.13 on the list. Why Charterhouse Bank? It appears that the Central Bank of Kenya (CBK) is no longer trying to be a regulatory authority. It seems to have something against a particular bank. Is it the CBK or a particular person who has put the CBK on the spot? Justice delayed is justice denied. The bank has been put under receivership since 2004. There was a restructuring arrangement that was not carried out. Mr. Temporary Deputy Speaker, Sir, I am going to be very brief because I know Members are concerned. I am going to say one thing; there was another bank that was put under receivership but its case was dealt with properly. I was at that bank today. It is called the Consolidated Bank. The CBK and the regulatory authorities did the right thing in that case. In the case of the Charterhouse Bank, they did not do the right thing. Was this driven by personal ambition or personal greed? I do not know. However, if there is anything wrong or they are accusing the directors of any misdeeds; if they have done anything criminal, they should be taken to court. I do not see the reason why they have to jeopardize and kill the bank. I think what happened is a travesty of justice and impunity of the highest order. I beg to second."
}