Former ANC MP Vincent Smith granted R30,000 bail in ‘Bosasa corruption case’

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Smith has held senior positions, including chairing the standing committee on the auditor-general, and the correctional services committee. Most recently, in the previous parliament, he chaired the ad hoc committee on amending section 25 of the constitution to allow for expropriation of land without compensation

Bosasa, a facilities management firm, is estimated to have raked in about R12bn in government tenders between 2003 and 2018, largely managing several prisons and the Lindela Repatriation Centre.

Evidence heard at the state capture inquiry has detailed how Bosasa and its top executives granted questionable loans and gifted millions of rand to some ANC leaders, with the governing party also benefiting as an organisation.

Bosasa went into voluntary liquidation in February after several financial institutions opted to close the company’s bank accounts as the banks sought to distance themselves from the corruption allegations.

This is a developing story.

TimesLIVE

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