ANC MP Vincent Smith / Screenshot via eNCA newsreel on YouTube

State capture: Former Bosasa boss and co-accused to appear in court

Former ANC MP, Vincent Smith, is expected to appear in the Palm Ridge Specialised Crimes Court with the boss of state capture accused Bosasa


ANC MP Vincent Smith / Screenshot via eNCA newsreel on YouTube

Former ANC parliamentarian, Vincent Smith and the former Chief Operations Officer (COO) of state capture accused firm Bosasa, Angelo Agrizzi  are expected to appear in court on Tuesday.

Vincent, who was also the former chairperson of the Correctional Service Portfolio Committee, and Agrizzi, will appear in the the Palm Ridge Specialised Crimes Court to face charges of corruption and fraud.

Smith was released on R30 000 bail in October 2020. Agrizzi, who was initially denied bail in the specialised court, was later granted bail in the Gauteng High Court but with stringent conditions.

Investigating directorate spokesperson Sindisiwe Twala said the bail conditions included that Agrizzi would forfeit his Italian Villa, which was purchased for around €880 000 should he flee before the trial.

“Smith faces corruption charges in his personal capacity as well as in his capacity as the sole director and shareholder of Euroblitz (Pty) Ltd,” Twala said.

The two accused have been charged with contravening section 7 of the Prevention and Combating of Corrupt Activities Act 12 of 2004 (PRECCA). Smith  is also facing a charge of fraud.

Smith’s fraud charge relates to his alleged failure to disclose the gratifications that he received from state capture accused Bosasa to the registrar of parliamentary members’ interests. These gratifications, for the approximate value of R800 000, were allegedly paid either to smith or to Euroblitz and are related to the alleged corrupt activities with which he, and Agrizzi have now been charged. 

 Smith was earlier ordered to hand over his assets to the control of a court appointed curator. These included his property, the company Euro Blitz 48 (Pty) Ltd and his family trust which was restrained to the value of R46 million.

Trevor Hills of PwC has been appointed as the curator bonis to take control of and preserve the assets until the trial has run its course.