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CMA faces probe over defaults in Sh13 5bn Cytonn funds

CMA faces probe over defaults in Sh13 5bn Cytonn funds
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Pay defaults in Sh13 5bn Cytonn fund invites fresh CMA action

Why Cytonn investors patience is running thin

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.

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