It has been reported in the media that Jared Otieno Ksh. 105 million house was purchase from Cytonn Investment. I am surprised that an organization like Cytonn will expose itself to potential liability by selling a house to a known scam artist. If I was at the board of Cytonn I would be seeking some firing, that's a failure in internal control at the very least.

when I see a big car or a good house ,I see a scam .it's hard to spot a clean rich person here.and its true that cytonn is innocent here.the bank takes the responsibility

LOL, if that's how the law worked, the entire high end real estate sector would crumble. It's driven by corrupt monies.

the anti money laundering law is real and biting. currently clued up developers do turn away from some purchases and have purchasers declaring that the money they are using to purchase properties aren't proceeds of crime, corruptions etc and the purchasers indemnifying them etc. it is still something they are grappling with. it is interesting how people, even here, are still clueless as to the reach and effects of the anti-money laundering laws.

Now you know what cytonn, Hass consult etc mean when they say that high end property is being bought cash. Basically it is thieves who are buying high end properties. Those high end gated communities are basically dens of thieves and drug dealers. Would you want to live with thieves or bring up your kids in an environment populated by such scum? And since mitoto ya nyoka ni nyoka, the kids of these drug dealers, wash washers, gold scammers, thieves may recruit your innocent kids into the underworld, since the kids and teenagers in the neighborhood would be hanging out together. Remember the akasha clan?