[Source: Business Daily, by Joseph Wangui]
Members of the Kenya Railways Retirement Benefits Scheme have lost a bid to stop their trustees from disposing part of their multi-billion shilling asset investments in Nairobi and Mombasa.
In a petition filed by five members of the Scheme challenging the planned disposal of assets, the retirees wanted the trustees to first collect outstanding balances of previous sale proceeds in the sum of Sh892 million before proceeding with current exercise.
They wanted court to issue an order restraining the trustees from…
