28 Jan 2009 in National Assembly:
Madam Temporary Deputy Speaker, had Mr. Kimunya been more open and transparent when he appeared before the Committee, the entire controversy surrounding the surrender and transfer of the Grand Regency Hotel, may have been avoided. Mr. Kimunya did not act in the best interests of the Kenyan public, when he withheld pertinent information from a Committee of Parliament.
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28 Jan 2009 in National Assembly:
The Committee further observed with concern that it wrote to the former Minister for Finance, through the Clerk of the National Assembly, on 29th May, 2008 instructing both the Minister and the Governor to put on hold all transactions related to the sale of the hotel until the Committee concluded its investigation into the matter.
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28 Jan 2009 in National Assembly:
The former Minister for Finance responded with a letter dated 29th May, 2008 that he was not comfortable with the Committee's position, and requested an urgent meeting with the Committee, but failed to show up for the meeting which he had scheduled himself for Friday, 6th June, 2008.
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28 Jan 2009 in National Assembly:
The Committee also observed that although the Minister admitted having received a letter from the Committee through the Clerk of the National Assembly asking him to put on hold all the transactions related to the sale, he took no action. Mr. Kimunya acted in bad faith, and with impunity, when he failed to comply with the Committee's instructions to stop all further transactions in connection with the sale of the Grand Regency Hotel.
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28 Jan 2009 in National Assembly:
The Committee also observed that the former Minister for Finance deliberately withheld written confidential brief on the Grand Regency Hotel, which was submitted through him by the Ja nuary 28, 2009 PARLIAMENTAR Y DEBATES
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28 Jan 2009 in National Assembly:
Okay, Madam Temporary Deputy Speaker. However, I am now coming to the conclusion. I am on page 60 but now I am moving on very quickly to page 61.
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28 Jan 2009 in National Assembly:
The Committee noted that it was in the best interest of this country to encourage foreign investment as a way of stimulating economic growth and creating employment for Kenyans. In this regard, the Committee noted that the Libyans have shown interest in investing in various sectors of the economy.
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28 Jan 2009 in National Assembly:
This is commendable and should be encouraged. However, the Committee observed that all transactions whether by foreign or local investors, whether it is government to government, must be done in accordance with the law and in a transparent manner. The Committee therefore recommended that the Government continues encouraging foreign investments but to do so in a manner that is transparent and within the law, to avoid a situation such as the one pertaining to the Grand Regency Hotel in which foreign investors may be discouraged.
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28 Jan 2009 in National Assembly:
Madam Temporary Deputy Speaker, the Committee further recommends that noting that there was inadequate co-ordination and communication between the various Government organs regarding transactions involving the Grand Regency Hotel, that in future, all Government bodies should communicate and co-ordinate with each other to ensure proper functioning of the Government.
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28 Jan 2009 in National Assembly:
In conclusion, the Committee recommends that the House adopts this Report on the Grand Regency Hotel and I will ask Prof. Kaloki to second.
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