The former Bosasa COO went into detail on the 'vault' of cash kept at the company to avoid the taxman.
Former Bosasa COO Angelo Agrizzi prepares to give his testimony at the Commission of Inquiry into State Capture held in Parktown, 23 January 2018. Picture: Refilwe Modise
Agrizzi began by saying he was aware of threats to his safety but was willing to continue with his evidence. The commission’s evidence leader, advocate Paul Pretorius, added that Agrizzi’s security had been upgraded following these threats. According to Agrizzi, the minimum amount kept in the vault at all times was R2 million, in R100 or R200 notes. He further stated that this was, at some points, raised to R6.5 million.
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