OPINION: StateCaptureInquiry: Bosasa turned money laundering into a fine art
Angelo Agrizzi returned to the inquiry to reveal solid numbers substantiating his earlier claims in previous testimony, of the alleged corrupt relationship between his former employer Bosasa and the state. Several national and provincial government departments, he said, helped Bosasa obtain and retain contracts worth billions of rand collectively, for years, in return for bribes for the officials who made this happen.
To further ensure that the details could not be traced to the bribe recipients, the men used codes and not real names of the people. Different directors had their own cluster of bribe recipients, depending on what “project” they were aligned with. The Jumbo transactions would be facilitated by Riaan Hoeksma, who owns a company called Riekele Construction, Agrizzi revealed, he transported the cash between Jumbo and Bosasa.
“There was a vault at the office that we called ‘Gavin’s safe’, and often people would ask him for money and he would simply go in there and retrieve a money bag to give to them,” Agrizzi said. In 2012, Lacon-Allin suggested to Lawrence that their company, Equal Trade4, supply Bosasa with cash received from the sale of their food and alcohol products, instead of banking it and incurring hefty cash deposit costs. They would then receive a commission from Bosasa.
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