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Confirmed | NPA Seize R46-Million Assets Of ANC RET Leader

President Cyril Ramaphosa's corruption busting crusade is seemingly continuing quite effectively, following confirmation by the Gauteng High Court that the National Prosecuting Authority's Investigative Directorate (ID) that a high-profile ANC leader who is purportedly part of the controversial Radical Economic Transformation (RET) brigade in the ANC, has had his assets seized.

PHOTO: News24

For several months now, former ANC Member of Parliament, Vincent Smith has been going in and out of courts pertaining to his corrupt relationship he enjoyed with embattled company Bosasa.

Earlier this year, the NPA's ID applied for a restraint order in Johannesburg high court regarding his massive wealth which it argued could have been from the proceeds of an alleged criminal relationship.

The order was for the attachment to a vaudeville of his properties which fell under his company, Euro Blitz 48, family trust, as well as a property which was registered in his daughter's name, Brumilda Smith. 

Screenshot: Twitter

Smith is accused of gratuitously benefitting from Bosasa through its embattled former COO Angelo Agrizzi, when he was the chairperson of the parliamentary committee on Correctional Services. The department is believed to have awarded Bosasa contracts to the tune of R10 Billion over the years, which Smith is believed to have partook in.

"The restraint order was necessary to preserve assets while investigations continue into additional unlawful activities from which Smith derived corrupt benefits not disclosed either to SARS [South African Revenue Services] or the Registrar of Parliamentary Members' interests," the judgement read.

PHOTO: Timeslive

He was charged for fraud after he received a whopping R800 000 into his company, Euroblitz 48, between 2015-2016, which he stated was a loan from Agrizzi to be used to pay for the tuition fees of his Daughter.

However, threw him under the bus, as he indicated that it was actually not a loan but possibly part of the money laundering scheme which was happening at Bosasa

The big question will be, how can a politician who earns just above R1-Million per year own assets to the tune R46 million, what do you think is happening here?

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Source:

https://twitter.com/eNCA/status/1422191574771961857?s=19

Content created and supplied by: OnlineNewzBible (via Opera News )

ANC Brumilda Smith. Gauteng High Court NPA National Prosecuting

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