‘Shameless corruption’ – Bosasa’s way of doing business with the state

Zondo said the commission was “indebted” to Agrizzi, despite his own involvement in acts of corruption and the fact that “his motive for spilling the beans may have largely been personal because he had a fallout with … Watson”.

Zondo said that Bosasa’s beneficiaries “would not have been exposed” had it not been for Agrizzi’s testimony. Agrizzi worked as chief operations officer at Bosasa from 1999 to 2016. Zondo said Agrizzi had testified that Watson was the “godfather” of Bosasa and all its associated companies and that he had been responsible for decisions on who to pay — and how much to pay them.

Watson would handle “anything political and the others were not to get involved with it” as it was he who had relationships with ruling ANC brass, ranging from the Sisulu family to current Public Service Administration Minister Ayanda Dlodlo. The report found Bosasa laundered cash to pay bribes using a number of wholesalers and other suppliers, and also made use of cash collected from canteens at the Lindela repatriation centre and other facilities it managed. The cash was stored in a number of vaults at its head office.

By the way we must also not forget how Bosasa came to be, it was always going to be for the benefit of the ANC and it's leaders.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DAYS OF ZONDO, PART THREE: ‘Bosasa simply had no shame’ – Watson brothers’ company hammered in State Capture reportThe fact that the Zondo Commission devoted the entirety of the third instalment of its State Capture report to Bosasa is an indication of the breathtaking scale of the company’s corrupt activities. It is also a reflection of the extraordinary evidence given by the tainted witness Angelo Agrizzi. All Watson's assets must be found & attached by SIU Yet the Watson family are supposedly so religious. 🙄 and of course he died in that accident. .. . . . .
Source: dailymaverick - 🏆 3. / 84 Read more »

‘Shameless corruption’ – Bosasa’s way of doing business with the state‘Shameless corruption’ – Bosasa’s way of doing business with the state - Zondo’s third report finds company bribed its way to huge profits from state business worth hundreds of millions of rands Couple of months ago I came across a recommendation about Arnoldnike93 wealth how he helped investors to earn lots of money with their investments. and I decided to give a trial with the little I have. Now my little has turned into something great which was not my expectation Battlefield of World War 3 will be in the Middle East, and the war will be between allies of USA and Israel against allies of Russia. A dream of Muhammad Qasim about World War 3. You sow that you were all losing it on Ukraine and Russia propaganda supporting Racist Ukrainian.. now you back with insumansumane yamanga ... nihlangene noZondo uses our tax to fights his personal ego with Our money
Source: mailandguardian - 🏆 2. / 92 Read more »