A complaint alleging possible insider trading has surfaced weeks after South African billionaire Jannie Moutons charitable foundation won regulatory approval to buy Curro Holdings Ltd . in a R7.2 billion 426 million transaction, adding a new layer of scrutiny to the deal.
Regulator reviews Curro share trades
The Financial Sector Conduct Authority, South Africas market regulator, said it is assessing reports of suspicious trading in Curro shares in the months leading up to the buyout offer. The regulator confirmed that one of the statutory bodies tasked with monitoring market activity had flagged the trades and submitted a complaint, which remains under review.
