Standard Chartered Bank CEO breaks silence after weeks of negative publicity

The CEO and other officers of the bank were cited for contempt after they were accused of flouting a court order by going ahead with a plan redundancy exercise

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The Chief Executive Officer of Standard Chartered Bank Ghana Kweku Bedu-Addo has expressed grave concerns over recent negative media publicity about some labor issues and law suits against the bank.

The case involved some aggrieved workers of the bank who were laid off under controversial circumstances resulting in a law suit against StanChart .

An Accra High court on May 11 cited Kweku Bedu-Addo for contempt after Standard Chartered Bank failed to obey the court’s order restraining them from going ahead with a planned redundancy exercise.

Speaking for the first time following weeks of negative publicity Bedu-Addo suggested the media got it all wrong.

“Instead of publishing anecdotes and hearsays, I think the professional thing to do is to obtain the ruling and let a professional help you to interpret the ruling before you publish because you have people’s reputation at stake”.

When asked whether he was worried about the ongoing negative reports and whether it was affecting the bank, he said, “of course we would be concerned, we are a listed company and we have shareholders around the world “.

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