CHARLES MOLELE
FORMER Bosasa chief operations officer (COO) Angelo Agrizzi’s bail application has been denied by the Palm Ridge’s Specialised Commercial Crimes Court after he was charged with corruption and fraud earlier on Wednesday.
Aggrizzi, who is currently out on bail of R20 000 for another matter, is now headed to jail until his trial in December.
He was arrested along with former African National Congress (ANC) MP Vincent Smith, who was granted bail of R30 000.
The state opposed bail, stating that Agrizzi lied under oath on his previous affidavit and was considered a ‘severe flight risk’.
The state argued that Agrizzi was a flight risk because he failed to disclose offshore assets to the Hawks in Pretoria, including Luno Bitcoin & Cryptocurrency and a bank account in Italy with over 700 00 euros in cash.
The state also said he failed to disclose that his house worth R13.5
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