Newsflash: The walls close in around Iqbal Survé as BDO sever ties By Tim Cohen
BDO Partners, the auditors of the companies that form part of Iqbal Survé’s media and business empire, announced on Thursday, October 17 they would not be seeking the renewal of their mandate for AYO Technologies, Independent Media, Premier Fishing, and most crucially, Survé’s personal vehicle, Africa Equity Empowerment Investment Limited.
Chief Executive Officer of the auditing firm, Mark Stewart, said: “It is important to note that all matters between BDO South African and our clients are absolutely confidential and we are bound to respect such confidentially at all times.”Survé’s head office was raided by South Africa’s financial market conduct regulators this month in a search and seizure operation.
Then, this week, the managers of public sector pensions, the Public Investment Corporation, now under new management, told a parliamentary inquiry that they may seek to place AYO in insolvency in order to try and get some of their R4.3-billion investment back
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