Former Bosasa COO Angelo Agrizzi is expected to take the stand again at the state capture inquiry on Thursday.Controversial prisons facilities company Bosasa allegedly used a shelf company to siphon off money to politically connected individuals and prop up its expenses.Ironically, the company, Miotto Trading and Advisory Holdings, was run by Bosasa's own tax consultant, Peet Venter, who oversaw the flow of money among its own companies and others that it dealt with.
From a dormant entity, Miotto was launched into the spotlight last year when various media reports linked the company to sizeable payments made to benefit former SABC boss Hlaudi Motsoeneng and President Cyril Ramaphosa's son, Andile.In 2015, Bosasa needed tax assistance with SeaArk Africa, its failed venture into the aquaculture business which aimed to breed seawater prawns in a controlled environment.
Venter, testifying at the inquiry on Tuesday, described how Miotto paid TRM for its services on the SeaArk Africa project and thereafter invoiced Bosasa at an inflated price. The payments, according to Venter, continued between 2016 and 2017. At this time, he was still in the employ of D’Arcy-Herrman & Co, which acted as Bosasa's auditors.He told the commission that in August that year, Bosasa boss Gavin Watson"approached me to assist him pay the legal costs of [Hlaudi Motsoeneng]".
Venter said he made the payments, through Miotto, in two instalments: one for about R600,000 and another for about R587,000. This confirms previous media reports that Bosasa footed the R1.1m legal bill that Motsoeneng accrued from his battle with the SABC over his axing. Venter said the invoice for the legal bill came from Majavu Inc, a firm belonging to Motsoeneng’s lawyer, Zola Majavu.
MbuyiseniNdlozi
ACMHlaudi where did you get the money to register your party on the IEC roll? Are you in anyway credible?
Can u please tell us about your relationship with BOSASA. ACMHlaudi ACMServants
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Bosasa's Gavin Watson 'told me to pay Hlaudi Motsoeneng's R1.1m legal fees'Controversial prisons facilities company Bosasa allegedly used a shelf company to siphon off money to politically-connected individuals and prop up its expenses. Where is ACM? MbuyiseniNdlozi If Watson told you to kill, would you? Kahle agrizzi sibadala MbuyiseniNdlozi We don't care about Hlaudi tell us about Andile Ramaphosa who was paid for nothing
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