Two units of investment firm Cytonn, have asked the Court of Appeal to block the sale of a 40-acre Ruiru land, even as Official Receiver Mark Gakuru argues that the fresh application is an attempt to scuttle refunds of over 3,000 Cytonn High Yields Solutions (CHYS) investors.
Cytonn Investment Partners Five LLP and Cytonn Investment Partners Twelve LLP claim that they are the registered owners of the Ruiru land, hence it should not be liquidated to refund investors that lost more than Sh9.4 billion in the collapsed CHYS.
