Cytonn investments has been accused of obtaining money from investors without the necessary approvals from the Capital Markets Regulator after claiming the money is being raised privately so as to avoid scrutiny.
Mr Kenneth Kasinga has sued the investment firm saying he was lured to invest Sh3 million believing he was being made a partner in the private cash call involving less than 100 people only to discover Cytonn had raised money from 3,000 investors.
