The Appeal Court of Guyana has upheld the High Court’s awarding of over G$59 million in pension benefits to former Chief Executive Officer (CEO) of the New Building Society (NBS), Maurice Arjoon, more than 10 years after he was dismissed from his post. However, the remaining G$20 million for which the High Court had also determined that Arjoon should receive was not awarded and will form part of substantive appeal as the Bank secured a stay of execution against the former CEO’s judgment.
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