WATCH: FSCA raids offices of Iqbal Survé

The financial sector regulator has raided the office of Iqbal Survé, chairperson of Independent Media and head of investment firm Sekunjalo. The Financial Sector Conduct Authority conducted the search as part of a probe into alleged market manipulation.

JOHANNESBURG - The Financial Sector Conduct Authority (FSCA) has raided the office of Iqbal Survé, chairperson of Independent Media and head of investment firm Sekunjalo.

It's part of a probe into alleged market manipulation.

WATCH: Iqbal Survé testifies at PIC inquiry

The order for the search was granted by Justice PAL Gamble of the Western Cape high court on 8 October 2019. It allows the FSCA to conduct the search under the supervision of an independent attorney.

Survé's name has come up at the PIC inquiry.

Watch eNCA reporter Heidi Giokos as she unpacks what transpired.

Source
eNCA