Judicial scandal will not affect investor confidence - John Gatsi

Europa

September 15, 2015 1:24 PM

Mr. Gatsi said dealing upfront with corruption in the Judiciary as the Chief Justice has vowed to do will rather enhance investor confidence.

Judicial scandal will not affect investor confidence - John Gatsi

Economic analyst, John Gatsi has rubbished claims by some members of the public that the recent judicial scandal will affect investor confidence in the economy. About 180 officials of the Judicial Service have been caught on camera allegedly taking bribes and extorting money from litigants.

The development, some economic experts have argued will have dire consequences on the economy as it will affect investment.

But speaking on Uniiq FM, Mr. Gatsi said dealing upfront with corruption in the Judiciary as the Chief Justice has vowed to do will rather enhance investor confidence.

"It is not these that will drive investors out of the market. This would have been a serious matter for investors if it were spread up in newspapers that authorities are not serious in dealing with the matter. But now that they are very serious in dealing with the matter it will rather enhance investor confidence", he added.

Meanwhile, fourteen judges implicated in the Anas' corruption expose' have filed a motion for an interlocutory injunction to stop further proceedings by the investigative committee set up by the Chief Justice.

A five member committee is currently probing the bribery allegation against the over 30.

So far, 22 magistrates and judges who were implicated have already been suspended by the Judicial Council.

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