StanChart blocks Sh7 billion payout to 629 retirees

Standard Chartered Bank branch on Kenyatta Avenue. 

Photo credit: File | Nation Media Group

Standard Chartered Bank Kenya has obtained a court order blocking Sh7.09 billion worth of pension benefits to its former employees.

The Retirement Benefits Appeals Tribunal (RBAT) had, on June 18, directed the lender and the trustees of Standard Chartered Kenya Pension Fund to pay the amount to the 629 retirees after years of court battles.

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