THE STANDARD By
Wainaina Wambu |
April 1st 2021 at 15:30:51 GMT +0300
Cytonn Investments Chief Executive Edwin Dande
Last month, Cytonn Investments sued John Matheka – one of its investors – claiming Sh17 million for defamation after serving him a cease and desist notice.
While the investment firm argued the move was to protect its brand from harm, going after one of its clients highlighted the souring relations between the firm and investors over the past year.
This is after the firm invoked a force majeure extending the maturity date of two of its real estate funds – the Cytonn High Yield Solutions (CHYS) and the Cytonn Project Notes – to June this year.