Bosasa Linked ANC Official Vincent Smith Granted R30,000 Bail

The state told the court that it did not oppose bail. "The Investigative Directorate, which has both arresting and prosecuting power, can confirm it has facilitated the arrest of a specific high profile who handed himself over at the Alberton police station this morning,

Bosasa Linked ANC Official Vincent Smith Granted R30,000 Bail-SurgeZirc SA
Vincent Smith/Photo File: News365

Former ANC MP Vincent Smith appeared has appeared in the Palm Ridge Magistrates Court on fraud and corruption charges.

Wearing a dark blue suit and white shirt, he and his company were charged with fraud and corruption involving about R800,000.

READ MORE: Durban Businesswoman Give 10 Years Jail Term After Attempt To Defraud SARS

He also benefitted from a security system installed by the company at his Roodepoort home.

The state told the court that it did not oppose bail. “The Investigative Directorate, which has both arresting and prosecuting power, can confirm it has facilitated the arrest of a specific high profile who handed himself over at the Alberton police station this morning,” said Twala.

Smith told the court that he had no previous convictions and pending cases and that it was the first time he was appearing before a criminal court.

READ MORE: Top ANC Official Linked To State Capture Hands Himself To Police

Smith was warned that he was under no obligation to reveal anything related to the case.

In an affidavit read out by his lawyer, Smith said that he was 60 years old and lived in Johannesburg with his son and nephew.

He said he was a pensioner and strenuously denied the allegations against him. He indicated that he was willing to pay bail of R20,000 but bail was eventually fixed at R30,000. He was ordered to hand over all travel documents, including his passport.

The matter was postponed to October 14.

During earlier testimony at the state capture inquiry commission, Smith dismissed claims that he received a loan of more than R600,000 from Bosasa.

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