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Appeal court upholds Cytonn liquidation to recover Sh11bn assets
The court documents reveal an intricate financial web connecting Cytonn Investments Management PLC (the principal partner), CHYS, CPN, and numerous SPVs.
Cytonn Investments has lost all 19 appeals challenging the liquidation of its two investment vehicles, Cytonn High Yield Solutions (CHYS) and Cytonn Real Estate Project Notes (CPN), paving the way for the recovery of Sh11 billion belonging to over 3,000 investors.
The Court of Appeal upheld High Court verdicts preserving assets tied to the firms, dismissing attempts by creditors and certain investors to halt the liquidation process.
