×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Cytonn accused of frustrating efforts to recover funds

Vocalize Pre-Player Loader

Audio By Vocalize

Cytonn CEO Edwin Dande before the Public Petition Committee on February 21, 2023. [Elvis Ogina, Standard]

Cytonn Investments Management is frustrating the court-appointed receiver manager's efforts to liquidate some of the company's prime assets to recover money that the company owes investors.

The receiver manager on Tuesday told MPs the management had not been forthcoming with information about the assets that had been earmarked for sale.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Business
Equity Q1 net profit up 24pc to Sh18.3b on regional units
Business
KCB Q1 net earnings hit Sh17.8b to join rivals in defying tough times
Real Estate
Centum Re begins handover of 400 apartments at Nairobi's Two Rivers
Business
Epra makes marginal hike on pipeline tariff, piles pressure on consumers