CAPE TOWN – Dr Iqbal Survé, the chairman of the Sekunjalo Group, which owns Independent Media, has rubbished claims contained in a civil suit instituted by Gupta-owned Oakbay Investments (Oakbay), which imply that Oakbay is entitled to a stake in some of the Sekunjalo-held entities.
The suit also suggests that Sekunjalo Group Chairman, Dr Iqbal Survé, and former PIC boss Dr Dan Matjila, colluded to oust the Guptas from the deal to acquire Independent Media.
In an article published earlier today, Matjila commented through his lawyer, saying that he would oppose the claims as they are unsubstantiated.
The Gupta’s are seeking R1 billion in damages.
Survé said the claim by Oakbay against the company was ludicrous and strongly repudiated any suggestion of collusion.