×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Spectre to pay over Sh600,000 for its failure to remit deductions

Vocalize Pre-Player Loader

Audio By Vocalize

Spectre was ordered to foot the cost of the suit. [iStockphoto]

Spectre International Company Limited has been ordered to pay over Sh600,000 as punishment for failing to remit funds to settle a loan taken by one of its employees, who used his pay slip as security.

Justice Stephen Radido of the Labour and Industrial Relations Court in Kisumu said despite making deductions from the employee's salary for 60 months, the company failed to timely remit the funds to Equity Bank, where the employee, Frederick Otieno Oswe, secured the loan.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Kenya to host green hydrogen symposium as country positions for the global stage
Business
Kingdom Bank deepens MSME push with Industrial Area branch
Business
Court declines to lift orders blocking Safaricom sale as Vodafone loses bid to exit case
Enterprise
Kenya blockchain industry urges faster stablecoin adoption amid new digital asset rules