He said the committee concentrated on his character rather than the sale of the hotel.
The report recommended that Kimunya be reprimanded and pointed out that the former Finance minister "withheld material facts and gave false information on the sale of the hotel".
But Kimunya said he did not have knowledge of Meridian  the Ccompany that the committee asked him about.
"I was asked whether the hotel had been sold to Meridian and I said I wasn't aware of the company. I was talking of the sale not being concluded because negotiations were going on," said Kimunya.
He went on: "I look at this report as an attempt to show me in certain light… I am very disappointed that the committee did not shed light on the matter, the sale of the hotel."
He said if adopted, the report would lower the dignity of the House, which he was trying to defend.
But Medical Services Assistant Minister Danson Mungatana broke ranks with his Cabinet colleagues even as Mr Kimunya argued he had been wrongly accused in the report.
Mr Mungatana claimed that President Kibaki had undermined the integrity of the House by reappointing Kimunya into the Cabinet even after Parliament had passed a censure motion against him.
"I don't believe the decision by President Kibaki to appoint someone that this House had made a decision on is correct," said Mungatana.
Chairman's view
Moving the Motion for the adoption of the report, committee chairman Chris Okemo said Kimunya contravened Section 21 of the National Assembly Powers and Privileges Act by giving false information to the committee.
"The former Finance minister withheld material facts and gave false information that the hotel had not been sold. He acted in bad faith and impunity to proceed with the transaction contrary to the committee's instructions," said Okemo.
During the debate, some members rose on numerous points of order, eating into the time of the debate.
Kimunya, Environment Minister John Michuki, Local Government Assistant Minister Robinson Githae and George Nyamweya (Nominated MP) interrupted Okemo, claiming he was not quoting from the report exactly on witnesses who appeared before it said.
This drew protests from committee members Jakoyo Midiwo (Gem, ODM), Ababu Namwamba (Budalang'i, ODM) and Ms Millie Odhiambo (Nominated, ODM). They complained that Okemo was interrupted unnecessarily.
The report also recommends that Central Bank of Kenya Governor Njuguna Ndung'u be reprimanded for allegedly giving false information to the committee and single sourcing the hotel buyer.
Mr Midiwo said Sh342 million that was in the hotel's account at the time of the sale had not been accounted for.
The debate continues Thursday. – Daily Nation