MPs propose death sentence for economic crimes

What you need to know:

  • Some MPs asked the House to pass laws imposing death sentence on those who commit economic crimes, others described the insider lending by banks that have gone under receivership as outright theft while others talked of their encounters with depositors whose money is stuck in the shut banks.
  • Majority Leader Aden Duale kicked off debate on the matter with a request to the Speaker to have the Public Investments Committee to look into National Bank, in which the government has a significant share.
  • Seme MP James Nyikal decried the House’s decision to decline a proposal by Kiharu MP Irungu Kang’ata to impose the death sentence on economic criminals under the Ethics and Anti-Corruption Commission Act.

A committee of members of Parliament will investigate four troubled banks and the auditors charged with scrutinising their books of account.

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