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Zondo grills Vincent Smith on Agrizzi loan, automobile advantage that went undeclared to Parliament

Previous chairperson of Parliament's portfolio committee on correctional solutions, Vincent Smith, apparently failed to think he had been obliged to declare a "loan" or automobile advantage fond of him by Angelo Agrizzi and Gavin Watson during their time being an MP.

Testifying during the Commission of Inquiry into Allegations of State Capture on Smith said this may have been because of "ignorance" or that he "could have been incorrect" friday.

Smith's testimony connected back once again to a 2015 loan contract between himself and Bosasa that is former CFO Angelo Agrizzi, by which Agrizzi loaned Smith over R600 000 for their child's tuition costs.

The payment's chair, Deputy Chief Justice Raymond Zondo asked Smith whether he seriously considered exactly how exactly he'd declare this loan as the loan had been prepared through a business called Euro Blitz - of which Smith is a single director - and never in their individual ability.

"When you had to result in the disclosure in 2016, we suspect you could have recalled that there is a loan you had from Mr Agrizzi in regards to 2015. and you also would have desired to disclose that," Zondo stated.

Smith, nonetheless, stated this is far from the truth.

Place

"which was maybe perhaps perhaps not my place at that time, perhaps solely from a lack of knowledge perspective it was within the business together with business reflected the deals - it had been maybe not uppermost in your mind," Smith replied.

Zondo emphasised which he struggled to know this, saying the mortgage ended up being an individual one for the individual responsibility despite being repaid through the organization.

Smith said that whilst it ended up being no reason, the deal occurred after he left their place as chairperson for the profile committee on correctional solutions.

He consented with Zondo which he need to have announced the deal.

"Of program, someone playing your proof, and having paid attention to Mr Agrizzi's variation about it re re payment, might state exactly why you did not reveal for the reason that it had been maybe maybe not just a genuine loan - there was clearly no loan. If it absolutely was a loan you viewed as legit you might have effortlessly disclosed it," Zondo stated.

Smith responded which he "could have now been wrong" nevertheless the deal reflected as that loan inside the business.

"From where i will be sitting the truth that it ended up being reflected and it's also audited, believed to me personally. that this really is a thing that i must pay off sooner or later - whether or not it ended up being Vincent Smith or the company," Smith stated.

He included that there was clearly never ever an intention to cover the mortgage or simply take it in substitution for something different.

'Little run-around'

Another advantage Smith acquired, this time through the business's late CEO, Gavin Watson, had been a car employed by Bosasa and lent to Smith's child being a leasing to utilize as a "little run-around", based on Smith.

Smith told Zondo it was a car that was hired by Bosasa and not Watson himself that he had approached Watson for a car for his daughter, but did not know.

Smith admitted which he hadn't disclosed this to Parliament either, despite it being good results.

Discussion around Bosasa

Evidence frontrunner Viwe Notshe additionally place it to Smith that while he ended up being in the profile committee, conversations around allegations of corruption Bosasa that is regarding had place, yet Smith didn't reveal into the committee that the organization had been owned by Watson, their "friend".

"we did not disclose that," Smith responded.

"I'm maybe perhaps not justifying it. I didn't reveal it because I didn't reveal other friendship. My understanding is the fact that even when he had been my pal, utilizing the doctrine of separation of capabilities, A member of Parliament struggles to influence the operations of every division."

Notshe asked Smith to simplify this time.

"will you be stating that a Member of Parliament is eligible to sit down in a profile committee conference wherein severe dilemmas of corruption are discussed about a business owned by one of the member's friends. Are you currently stating that the known member is certainly not entitled or obliged to disclose that?"

Smith reacted himself or declared his relationship with Watson had he been involved in any decision making, but he did not otherwise see a need that he would have either recused.