Vincent Smith defends R600 000 loan from Angelo Agrizzi, denies any links to Bosasa

  • 📰 IOL
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 51%

Loan Loan Headlines News

StateCaptureInquiry : ANC MP Vincent Smith insists a R600 000 payment for his daughter's university fees was a legitimate loan from former Bosasa chief operations officer AngeloAgrizzi and not a bribe meant to influence his parliamentary work.

Johannesburg – ANC MP Vincent Smith has stuck to his defence that a R600 000 payment for his daughter's university fees was a legitimate loan from former Bosasa chief operations officer Angelo Agrizzi and not a bribe meant to influence his parliamentary work.The former right-hand man to now-deceased Bosasa chief executive Gavin Watson alleged Smith had been paid monthly bribes by Bosasa.

The commission's evidence leader, Advocate Viwe Notshe, questioned Smith on the alleged loan agreement between himself and Agrizzi. Smith met with Watson in 2011 at a Sandton hotel in what he described as “an outreach meeting” by Bosasa. Smith said he saw nothing wrong with attending the meeting as he generally met with stakeholders of various companies.

"I could not have influenced the department. Yes, there could have been a perception created but I could not influence the work of the department. I had no fear of any influence or any pressure put on me,“ Smith said. "I did not borrow any money from any company. My loan agreement was with Angelo Agrizzi. Angelo had asked me to help him with an unemployed son and I was able to help him with that. He helped me with my own son. There was a cordial relationship between me and Angelo. My loan was with Angelo. There is no reference to Bosasa," he told the inquiry.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in LOAN

Loan Loan Latest News, Loan Loan Headlines

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

Smith: I got a loan from Agrizzi not BosasaVincent Smith, says the loan was paid into his account so he could pay school fees.
Source: eNCA - 🏆 49. / 51 Read more »