CMA faces probe over defaults in Sh13.5bn Cytonn funds

Cytonn Investments chief executive Edwin Dande. FILE PHOTO | NMG

The Capital Markets Authority (CMA) faces a parliamentary probe in the wake of mounting complaints from investor reports of delayed payment of returns from Cytonn real estate investments.

Garissa Township MP Aden Duale wants the Finance and National Planning Committee 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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