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Cytonn accused of frustrating efforts to recover funds

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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.

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