Vincent Smith: Ex-ANC MP granted R30k bail in Bosasa corruption case

Vincent Smith: Ex-ANC MP granted R30k bail in Bosasa corruption case

- Vincent Smith has been released on R30 000 bail after appearing in court on allegations of corruption

- Smith handed himself over to law enforcement authorities on Thursday morning and soon afterwards made an appearance in the Palm Ridge Magistrate's Court

- He is facing charges of corruption and fraud after accepting and failing to declare money paid by Bosasa to his company in 2015 and 2016

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Former ANC MP Vincent Smith has been awarded bail after handing himself over to police on Thursday morning. Smith was taken into custody after the National Prosecuting Authority (NPA) started arresting those implicated in the embezzling of state funds.

The ex-ANC MP appeared in the Palm Ridge Magistrate's Court today where he was released on bail set at R30 000.

Smith was charged with corruption and fraud for allegedly accepting and failing to declare R671 000 paid to his company by Bosasa between 2015 and 2016, according to News24.

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Vincent Smith: Ex-ANC MP granted R30k bail in Bosasa corruption case

Vincent Smith appeared in the Palm Ridge Magistrate's Court on Thursday, on charges of corruption. Photo: The Department of Justice and Constitutional Development (DoJ & CD) / Facebook
Source: Facebook

Despite turning himself in to police, Smith maintains that he is innocent. He was awarded bail after successfully convincing the court that he is not a flight risk.

According to The Sowetan, Smith told the court that he had no previous convictions or pending cases and that he is a 60-year-old pensioner living with his son and nephew in Johannesburg.

Smith added he wants to stand trial to prove his innocence. The judge granted him bail but confiscated travel documents, including Smith's passport.

The case - which relates to alleged payments made to Smith's company by Bosasa - was postponed until 14 October.

Smith denied that he received a loan of nearly R700 000 from Bosasa and claimed that he made arrangements with Angelo Agrizzi - the company's former COO - to pay his daughter's tuition fees.

Briefly.co.za earlier reported Julius Malema reacted to Smith's arrest. The leader of the EFF believes that the arrest is a deflection because Smith was nowhere near as powerful as the other corrupt ministers.

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Taking to Twitter, Malema posted:

"Former ANC MP Vincent Smith can’t be referred to as a senior politician; we need the arrest of real senior politicians in the #BOSASA matter. Current and former ministers, they are the ones who must be arrested and be referred to as senior politicians, not some deflection."

Mzansi social media users weighed in on the politician's tweet. They did not seem too impressed by his words.

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Source: Briefly.co.za

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