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{
    "id": 71952,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/71952/?format=api",
    "text_counter": 428,
    "type": "speech",
    "speaker_name": "Mr. Chepkitony",
    "speaker_title": "",
    "speaker": {
        "id": 13,
        "legal_name": "Lucas Kipkosgei Chepkitony",
        "slug": "lucas-chepkitony"
    },
    "content": "Thank you very much, Mr. Temporary Deputy Speaker, Sir, for giving me this opportunity to support this Motion. Mr. Temporary Deputy Speaker, Sir, from the outset, I must say that we investigated this bank in the Ninth Parliament. I was also in the Committee during the Ninth Parliament and I am still in the same Committee. I was surprised when the allegation was made that Members of the Committee were given money. I got very upset and said that I must stand for the truth. Let us ashame the devil or those who are talking ill of the Members of the Committee. This is because we have sincerely gone to all the lengths; we have listened to all the people who appeared before the Committee and presented evidence and have not seen any merit. The only issues that this bank had were the violations according to the Banking Act, which are mainly, know-your-customer regulations and the bank was fined Kshs1 million, like other banks at the same time, around 2005. They were given three months in 2006 to rectify that. Even before the three months ended, the bank was put under statutory management and was not even given a chance. So, there is no other violation this bank committed. At that time, there was no money laundering. The Central Bank of Kenya (CBK) cannot liquidate this bank because this bank is not insolvent. So, there is no way the CBK can liquidate this bank. Mr. Temporary Deputy Speaker, Sir, there is a lot of impunity with regard to this bank. When the statutory manager went there, the Act provided that she should be there for 12 months. They went to the High Court and it was extended for another 12 months which ended around August, 2008. However, since August up to now, they are there illegally. So, they are there with impunity. They are not supposed to be there."
}