Home Business Cytonn troubles deepen as Sh55.5 million in fresh claims emerge

Cytonn troubles deepen as Sh55.5 million in fresh claims emerge

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Kenyan Wall Street | by Jackson Okoth

Cytonn Investments Management Limited continues to be in the spotlight as investors unable to liquidate their investments worth KSh 55,471,430.87 seek intervention from Capital Markets Authority (CMA). The investors put their money in the Cytonn High Yield Solutions (CHYS).

In a recent communication from CMA to the Chief Investments Officer at Cytonn, Elizabeth Nkukuu, the Capital Markets Authority (CMA) ordered Cytonn to resolve investors complains over the firm’s decision to extend maturities of investments…

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