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The fraud and corruption case against former Bosasa Chief Operating Officer (COO) Angelo Agrizzi and former ANC Senior MP Vincent Smith was postponed until December 3 after they both appeared at Palm Ridge Magistrates Court in Johannesburg on Wednesday.
Agrizzi made his first court appearance and did not appear due to illness earlier this month.
While Agrizzi’s co-defendant Smith received a bond of 30,000 rand in his last court outing, the state is currently opposing the former COO’s request for bail due to the fact that he lied under oath in his earlier affidavit, according to the National Fiscal Authority (NPA).
Aggrizi appears at Palm Ridge Court in Johannesburg on October 14, 2020. Image: Nigel Sibanda
The NPA said on Twitter that the state opposes Agrizzi’s request for bail, as it could be considered a flight risk.
“He did not reveal that his house worth R13.5 million belongs to a trust. In addition, he could not pay his bond and owed R8.7 million and now the bank is auctioning his property, ”said the NPA.
He did not disclose that the concern of his house is 13.5 million rand belongs to a trust. In addition, he was unable to pay his bail and owed R8.7 million and now the bank is auctioning his property.
– NPASouthAfrica (@NPA_Prosecutes) October 14, 2020
Also, he did not hand over his Italian passport. He also transferred R11.98 million to his account abroad to a foreign investment. His wife has also made deposits in an account abroad, ”he added.
Also, he did not hand over his Italian passport. He also transferred R11.98 million to his account abroad to a foreign investment. His wife has also made deposits to an account abroad.
– NPASouthAfrica (@NPA_Prosecutes) October 14, 2020
Smith faces corruption charges related to a closed circuit television (closed circuit television) and security system installed in his home in October 2014 and two payments totaling R671,000 to his company, Euro Blitz, in 2015 and 2016.
The payments were initiated by Agrizzi, who is also charged for his role in making the payments to Smith.
Meanwhile, the fraud charge Smith faces relates to his failure to disclose the gifts in the parliamentary register of members’ interests.
Smith is alleged to have acted in a manner that favored Bosasa during his tenure as chair of the prison services portfolio committee, allegedly in exchange for profits from the company (now known as African Global Operations).
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