Survé blames Gordhan for raid on offices

Chairman of Sekunjalo Holdings, Iqbal Survé has pointed fingers at the minister of public enterprises, Pravin Gordhan, following a raid by the Financial Sector Conduct Authority on the group’s headquarters.website, Survé claimed that Gordhan “is using public resources to fight political battles” because Independent Media, which is a part of Sekunjalo, is soon to publish information on Gordhan, President Cyril Ramaphosa and various other Cabinet members.

The operation was conducted as part of an investigation into allegations of “market manipulation” and possible contravention of the Financial Markets Act which prohibits companies from publishing falsified financial statements, the FSCA said. “The intruders arrived unannounced and were tasked to confiscate computers and hard drives on the pretext of obtaining evidence of irregular trading of the aforementioned companies as it pertains to Ayo Technology Solutions Limited [Ayo].”

Survé has denied any wrongdoing in the matter, telling the inquiry in April that the dealings between the Sekunjalo group, including Ayo and Independent Media, were above board.

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WATCH: FSCA raids offices of Iqbal SurvéThe order for the search was granted by Justice PAL Gamble of the Western Cape high court. ILLEGALLY raid. This is madness And he said Jamnandas is behind the raid.
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