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Stanchart bid to block Sh30b pension payout to ex-staff flops

Standard Chartered Bank within Nairobi's CBD. [File, Standard]

The High Court in Nairobi has thrown out a case filed by Standard Chartered Bank challenging the Retirement Benefits Tribunal's order that required the lender to pay pensioners Sh30 billion.

The bank had claimed that it risked financial ruin if it was compelled to make the payout to 629 of its retired employees.

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