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Originally published by Nation Businessbusiness
October 26, 2024
11mo ago
Gun drama claims, title deeds row in Cytonn liquidation saga
Cytonn founder Edwin Dande denies planning or participating in any armed takeover of the Kilimani property...
✨ Key Highlights
The liquidation saga of Cytonn Investments heats up as founder Edwin Dande faces allegations of hiring armed individuals to seize a disputed 3.99-acre property in Kilimani.
- Over Sh9.4 billion in debt claims has been filed against Cytonn, including 1,000+ unsecured creditors.
- Mark Gakuru, the Official Receiver, reported armed men removed guards to gain property access.
- Justice Alfred Mabeya granted authority for the Official Receiver to claim disputed assets amid ongoing court challenges.
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