Some Bosasa liquidation documents destroyed, claims Agrizzi

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Some Bosasa liquidation documents destroyed, claims Agrizzi
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Agrizzi says some staff members were frogmarched off the company premises by armed guards for providing information to him.

Evidence leader on Thursday at the commission of inquiry into state capture Advocate Paul Pretorius asked former Bosasa COO Angelo Agrizzi if he had any knowledge of concerning allegations that at the time of the controversial company’s liquidation – in particular, when documents were returned to the company from the liquidators – documents were destroyed.

some of South Africa’s major financial institutions formally notified African Global Operations that they would be terminating the company’s accounts, according to a statement from the company.Bosasa’s statement at the time confirmed they would be applying for voluntary liquidation after their banks sent them formal notification of the closure of their accounts.

The court found that a board decision by Bosasa to place it and its many subsidiaries in liquidation was not valid, reversing all the decisions taken. On Thursday, Agrizzi said: “The problem we have, chair, is that we want to have this thing sorted out and we want to clean up, and we need to open it up.” He added that although the process to “clean up” would not be easy it had to be carried out.

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