The curtain was finally brought down on Bosasa's corruption enterprise as the company announced it was going into liquidation after News24 reported that both FNB and ABSA are closing the company accounts, as well as the accounts of the whistle-blower and former bag-man Angelo Agrizzi.
For nine days in January and February 2019, Angelo Agrizzi exposed the empire of corruption that Bosasa had built and which reached high, and deep, into the ANC. FNB told Bosasa it would close all accounts, by the end of February, of the facilities management company now known as Africa Global Operations. ABSA hosts Agrizzi's trust accounts and it's shutting those, according to News24.
As with the Gupta family's corporate empire, once the four big banks terminated their facilities, it was the end for the Watsons. Without banking facilities, no company can survive in a modern economy.
On Sunday, Agrizzi told Rapport that he had only revealed 20% of what he knows at his testimony before the Zondo Commission of Inquiry into State Capture.
That percentage of information had pointed the finger of corruption at two Cabinet ministers (Mineral Resources Minister Gwede Mantashe and Environment Minister Nomvula Mokonyane) and the ANC MP Vincent Smith, all...
Read the full story on Daily Maverick.
ANC Accepted Bosasa Millions for Years
Correctional Services Makes Alternate Catering Plans
AllAfrica publishes around 600 reports a day from more than 150 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.
Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.
AllAfrica is a voice of, by and about Africa - aggregating, producing and distributing 600 news and information items daily from over 150 African news organizations and our own reporters to an African and global public. We operate from Cape Town, Dakar, Abuja, Monrovia, Nairobi and Washington DC.