Eckomas Mwengi Mutuse

All parliamentary appearances

Entries 101 to 110 of 844.

• 16 Oct 2024 in Senate: What I have seen in the letter of offer is in terms of the lien and set-off at page 132 of 534; That lien and set-off of a fixed deposit--- view
• 16 Oct 2024 in Senate: Mr. Speaker, Sir, the letter of offer--- view
• 16 Oct 2024 in Senate: Volume six, starting from page 98. view
• 16 Oct 2024 in Senate: Mr. Speaker, Sir, there is a letter of offer, meaning there was an application for a loan. This is to the directors of Crystal Kenya Limited. Crystal Kenya Limited is a company that is acquiring Aberdare Safari Lodges and the loan is in respect of an amount of Kshs600 million. In the clause for lien and set-off, I have seen that a lien and set-off over fixed deposits, this is on page 99, in respect of INO, Crystal Kenya Limited, for an aggregate amount of Kshs300 million to be obtained. Interest accrued shall be credited to your deposit settlement account. view
• 16 Oct 2024 in Senate: My understanding is that the account held at the bank had Kshs300 million in cash and that amount was going to be part of the security for the loan. view
• 16 Oct 2024 in Senate: Yes, Mr. Speaker, Sir, and it is also an asset that we are counting in cumulating the Kshs5.2 billion. view
• 16 Oct 2024 in Senate: Indeed, yes. view
• 16 Oct 2024 in Senate: The Kshs535 plus Kshs300 equals to Kshs 835 million plus the Kshs143 million comes roughly to a billion shillings in respect of one transaction. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate. view
• 16 Oct 2024 in Senate: Not at all. From the known legitimate source of income, which is his salary as Deputy President, it would not be possible for him to acquire a billion shillings within a period of two years. This is because his salary as gazetted by the Salaries and Renumeration Commission (SRC) is roughly around Kshs1.2 million. After taxation, we get an aggregate of a million shillings. view
• 16 Oct 2024 in Senate: Nowhere in the response, other than the letter of offer, that is in itself, not evidence of acquiring a loan. view