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Cytonn, Dande in new legal battle with CMA over licensing report

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Cytonn Investments CEO Edwin Dande during a media breakfast meeting in Nairobi. [File, Standard]

A new court battle between real estate firm Cytonn Investments Management PLC and Capital Markets Authority (CMA) is brewing over a report prepared last year over the firm's licence.

In papers filed before High Court judge Hedwig Ong'undi, the investor accuses CMA of failing to release the document despite allegedly having damning information against the Edwin Dande-led company.

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