Fix law to ensure investors don’t lose in private offers

Interest jumps 72 per cent in new bond switch initiative. PHOTO | POOL

In the recent past Cytonn was in the limelight for the wrong reasons when some investors alleged default in payment of their investments on maturity. Cytonn is not an isolated case and over the past few years there have been several reports of investors losing alarming amounts of money in investment schemes.

While many of these schemes experience genuine market hiccups, most of them are fraudulent investments set up with the sole intention of defrauding.

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Note: The results are not exact but very close to the actual.