An investor is threatening to sue Cytonn Investments and the Capital Markets Authority (CMA) for allegedly misleading him to put Sh3 million into a wrong product. However, Cytonn Investment CEO Edwin Dande says CMA is mixing issues in a desperate attempt to dent the image of the firm. Kisanga says Cytonn last October, Cytonn induced him to invest in what he thought was a privately placed product operating under the capital market regulations. He wants CMA held liable for negligence and poor oversight that saw Cytonn mislead the public to buying into the wrong product. He also wants Cytonn compelled to pay him the agreed monthly interests and the total amount of his investment upon maturity.

Source: The Star September 30, 2020 00:56 UTC