The state alleges that former Bosasa executive, Angelo Agrizzi, has failed to disclose to the Commercial Crimes Court at Palm Ridge in Johannesburg liquid assets worth R8 million, offshore accounts worth R24 million, and vehicles worth R2 million.
The state is opposing Agrizzi’s bail application in his corruption case.
Joooo Agrizzi such a lot of money offshore 😱😱😱 and doesn't disclose. The Banks must be held accountable. 😳😳😳😳😳
— Sophie Mokoena (@Sophie_Mokoena) October 14, 2020
Agrizzi is a co-accused in the R800 000 fraud and corruption case against former ANC MP, Vincent Smith.
Smith is accused of accepting so-called “gratifications” from Bosasa to act in its interest in Parliament.
The state alleges there was a payment of R11.9 million that was transferred by Agrizzi to his wife’s account and she transferred it to offshore accounts.
Measures have been put in place to recoup the funds.
Gavin Watson’s death questioned
Meanwhile, Agrizzi’s representative stunned the courtroom earlier after he suggested that the company’s former CEO, Gavin Watson, may have possibly faked his own death in August 2019.
His legal representatives, in an affidavit that was read out, cast aspersions that Watson may not be late after all.
However, Watson’s lawyers say the former CEO is indeed late.
#BOSASA Agrizzi’s legal representative casts doubt that #GavinWatson CEO and majority Shareholder of BOSASA is instead late. #sabcnews
— #TheLordOfTheMedia (@samkelemaseko) October 14, 2020
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