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{
    "id": 724012,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/724012/?format=api",
    "text_counter": 209,
    "type": "speech",
    "speaker_name": "Hon. Midiwo",
    "speaker_title": "",
    "speaker": {
        "id": 184,
        "legal_name": "Washington Jakoyo Midiwo",
        "slug": "jakoyo-midiwo"
    },
    "content": "In Brazil, no Government money is put in private banks. That is how Brazil moved up to the sixth largest economy in the world – by collecting and putting their money where they can control it. We must attempt to move these amendments during consideration of the Finance Bill for all parastatals. What is happening in parastatals, the CEOs and the accounting departments are placing Government funds--- If you hold Kshs1 billion in a fixed deposit account for three months, you do not need to steal. You have already been stolen for by the Government money. What we are saying is that the Chase Bank scenario must not happen with counties. We will make sure it does not happen with Government departments in the Finance Bill which is coming in a couple of months. I want to strongly support this so that we collect our money and put in the hands of the Government so that nobody shall cry. There are rumours that NIS lost Kshs4 billion in Chase Bank. Many of us used to think Chase Bank is the American Chase Bank. We did not know it belongs to some Indian crooks."
}