Cytonn woes deepen as receiver eyes assets

cytonn

Cytonn Investments Managing Limited Managing Partner and Chief Executive Officer, Edwin Dande. FILE PHOTO | DIANA NGILA | NMG

Investment firm Cytonn is in fresh trouble after the official receiver moved to the High Court to compel it to release title deeds to a property in Kilimani, Nairobi, belonging to one of the subsidiaries.

In the application filed at the High Court, the official receiver says the parent company Cytonn Investments Management Plc is holding three title deeds belonging to Cytonn High Yields (CHYS) LLP, which was placed under liquidation on January 6 by Justice Alfred Mabeya.

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