Justice of Appeal, Rishi Persaud, yesterday ordered the New Building Society (NBS) to pay over to dismissed manager, Maurice Arjoon, the more than $59M in pension owed to him.
Of the $79,282,801 awarded to Arjoon earlier this year by High Court judge, Brassington Reynolds, for severance and other benefits, Justice Persaud has ordered that he be paid pension to the tune of $59,033,000.
The court has, however, stayed the remaining $20,249,801 which was awarded to the sacked manager for severance.