Court upholds sacking of Stanbic employee over Sh6.1m fraud

Stanbic Bank branch on Kimathi Street, Nairobi. 

Photo credit: File | Nation Media Group

The Employment and Labour Relations Court has upheld the dismissal of a CFC Stanbic Bank employee who authorised a fraudulent transaction worth Sh6.1 million but criticised the bank for conducting an unfair disciplinary process.

The court ruled that Stanbic Bank had valid and fair grounds to summarily dismiss Anthony Maina, a former team leader in customer service, after he approved a high-value cash transaction without following mandatory procedures.

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