The Court of Appeal in Nairobi has thrown out a case filed by Standard Chartered Bank challenging Retirement Benefits Tribunal (RBT) orders to pay pensioners Sh30 billion.
The bank claimed it is likely to sink into a bottomless hole if it footed the pension of the 629 employees.
Nevertheless, Court of Appeal judges Patrick Kiage, Lydiah Achode and Weldon Korir dismissed the appeal and slapped the lender with costs.
They ruled there was no evidence to show that Standard Chartered was unfairly treated before both the RBT and the High Court. "Having subjected the entire record to our own independent and exhaustive analysis and consideration, we are unable to find any basis for the appellants' claim of violation of the provision of the Fair Administrative Action Act.
