Peet Venter says some of the paragraphs in his statement relating to a Bosasa subsidiary, SeaArk, were copied from the company’s former CFO.
Before the tea break at 11.15am, Venter dealt with an expensive aquaculture project called SeaArk Africa, which was started by Bosasa in 2005 in the Eastern Cape.Van Tonder said: “[An] American company was paid large sums of money, chairperson. R50 million was transferred to the Americans for over three years as consultation fees.
A Sars investigation into SeaArk Africa commenced, especially on the equipment write-off, said Van Tonder. Venter told the commission on Tuesday that Bosasa CEO Gavin Watson did not want to forfeit the assessed loss.
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