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Originally published by The Standard Business
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April 14, 2026
7h ago

Stanchart clashes with pensioners, RBA in Sh7 billion payout battle

Stanchart clashes with pensioners, RBA in Sh7 billion payout battle

Standard Chartered Bank on Tuesday clashed with RBA and the Attorney General over the retirement benefit rules in an extension of its Sh7 billion row with its former employees...

✨ Key Highlights

Standard Chartered Bank is in a legal battle with the Retirement Benefits Authority (RBA) and the Attorney General over a Sh7 billion payout to former employees.

  • The bank is challenging a tribunal's verdict that could expose it to a Sh30 billion settlement.
  • Key figures include Standard Chartered Bank, the RBA, and the Attorney General.
  • The dispute centers on whether the Finance Minister, Chris Okemo, or the Chief Justice lawfully gazetted the rules on court costs.

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