The High Court has allowed the Official Receiver to take over a 40-acre parcel of land in Ruiru, Kiambu County belonging to companies linked to Cytonn, for sale and proceeds be shared among investors who lost billions.
Justice Alfred Mabeya allowed the application by the Official Receiver after dismissing objections by the firms, arguing that they were different entities from Cytonn High Yield Solutions, which was placed under liquidation.
