News24 | Ex-ANC MP Vincent Smith jailed for 7 years over Bosasa kickbacks and tax fraud

Former ANC MP Vincent Smith has been sentenced to seven years’ imprisonment for corruption charges, including kickbacks he received from Bosasa.

Former ANC MP Vincent Smith has been sentenced to seven years’ imprisonment for corruption charges, including kickbacks he received from Bosasa.

According to the National Prosecuting Authority’s Investigating Directorate Against Corruption (IDAC), Smith entered into a plea-and-sentence agreement with the State in the Gauteng High Court in Johannesburg.

He pleaded guilty to charges under the Prevention and Combating of Corrupt Activities Act 12 of 2004, fraud, money laundering, and the Contravention of the Tax Act.

Smith was sentenced to 12 years on each count, with each suspended for five years on condition that he does not commit similar offences during the suspension period, meaning he will serve an effective seven years behind bars.

The corruption and fraud charges relate to the gratification he received from Bosasa, pursuant to the corrupt activities for which he, his company Euroblitz 48, and Bosasa COO Angelo Agrizzi were charged, IDAC said.

“He further failed to disclose the taxable income of Euroblitz between March 2009 and July 2018, totalling approximately R28 million,” IDAC spokesperson Henry Mamothame said.

More to follow.

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