Robinson Njeru Githae

All parliamentary appearances

Entries 611 to 620 of 2672.

• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, the fine was not in relation to tax evasion; it was in relation to violations of the Banking Act. I have given you the instances why the bank was fined Kshs1 million. view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, the fine was not in relation to tax evasion; it was in relation to violations of the Banking Act. I have given you the instances why the bank was fined Kshs1 million. view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, I do not know which of the answers I have given is substantially incorrect. As I said, Charterhouse Bank was not fined Kshs1 million because of tax evasion. It was fined because of violation of the Banking Act. I can also confirm that other banks were also fined a similar amount for violating similar guidelines. Charterhouse Bank was not closed because of those violations; it was put under statutory management in order to protect depositors. When bad publicity started targeting the bank, there was fear that there would be a run on the deposits. So, it ... view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, I do not know which of the answers I have given is substantially incorrect. As I said, Charterhouse Bank was not fined Kshs1 million because of tax evasion. It was fined because of violation of the Banking Act. I can also confirm that other banks were also fined a similar amount for violating similar guidelines. Charterhouse Bank was not closed because of those violations; it was put under statutory management in order to protect depositors. When bad publicity started targeting the bank, there was fear that there would be a run on the deposits. So, it ... view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, I do not know which of the answers I have given is substantially incorrect. As I said, Charterhouse Bank was not fined Kshs1 million because of tax evasion. It was fined because of violation of the Banking Act. I can also confirm that other banks were also fined a similar amount for violating similar guidelines. Charterhouse Bank was not closed because of those violations; it was put under statutory management in order to protect depositors. When bad publicity started targeting the bank, there was fear that there would be a run on the deposits. So, it ... view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, inspections are done by the CBK regularly. Whenever an inspection report shows that there are certain violations by a bank, corrective action is imposed on that institution, which is also fined Kshs1 million. As I said, inspections for different institutions are done almost on a quarterly basis. I want to be very clear and specific. Charterhouse Bank was not closed because of violations of the Banking Act; it was closed because of bad publicity about it. Up to now, we do not understand where the bad publicity was coming from. I wish I had come with ... view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, inspections are done by the CBK regularly. Whenever an inspection report shows that there are certain violations by a bank, corrective action is imposed on that institution, which is also fined Kshs1 million. As I said, inspections for different institutions are done almost on a quarterly basis. I want to be very clear and specific. Charterhouse Bank was not closed because of violations of the Banking Act; it was closed because of bad publicity about it. Up to now, we do not understand where the bad publicity was coming from. I wish I had come with ... view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, inspections are done by the CBK regularly. Whenever an inspection report shows that there are certain violations by a bank, corrective action is imposed on that institution, which is also fined Kshs1 million. As I said, inspections for different institutions are done almost on a quarterly basis. I want to be very clear and specific. Charterhouse Bank was not closed because of violations of the Banking Act; it was closed because of bad publicity about it. Up to now, we do not understand where the bad publicity was coming from. I wish I had come with ... view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, I am glad that these questions have been asked. This confirms my position when I was asked to reveal the identity of the banks that had been fined. I said that banking is a business which thrives on confidence. If depositors lose confidence in a bank, it will go down. It does not matter how big or small a bank is. Loss of confidence in a bank can result from bad publicity. In fact, most banks have gone under because of bad publicity. Depositors tend to take bad information to be correct. So, they go to ... view
• 23 Aug 2012 in National Assembly: Mr. Deputy Speaker, Sir, I am glad that these questions have been asked. This confirms my position when I was asked to reveal the identity of the banks that had been fined. I said that banking is a business which thrives on confidence. If depositors lose confidence in a bank, it will go down. It does not matter how big or small a bank is. Loss of confidence in a bank can result from bad publicity. In fact, most banks have gone under because of bad publicity. Depositors tend to take bad information to be correct. So, they go to ... view