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MPs to quiz CMA boss over Cytonn investors’ queries

Telecom operators will pay customers up to Sh30 per day for dropped calls if Parliament adopts a revived Bill that imposes a penalty for voice service outages. PHOTO | POOL

By  Edwin Mutai

Nation Media Group

Political Reporter

Parliament has summoned the Capital Markets Authority (CMA) chief executive Wyckliffe Shamiah in the wake of mounting complaints from investor reports of delayed payment of returns from Cytonn real estate investments.

The Finance committee wants to question the CEO and the person holding the role of chairman following a petition from Garissa Township MP Aden Duale to probe the regulator following the proliferation of unregulated and illegal investment funds that have led to loss of investor funds.

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