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Cytonn lock horns with regulator over payments claim

Edwin Dande, Managing Partner, Cytonn Investments [Elvis Ogina.Standard]

NAIROBI, KENYA: Investment firm Cytonn is on the spot again after fresh complaints emerged of its inability to honour claims amounting to Sh100 million.

In an unfolding legal fight with the Capital Markets Authority (CMA), it also emerged that the firm is in breach of investment limits in six of its funds and hadn’t committed to making payments on due obligations.

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