State reduces claim against Agrizzi from R1.8bn to R53m
The state is also attempting to close in on overseas assets and investments purchased in 2018 as derived from the proceeds of crime, to which Agrizzi replied that the state has no evidence to support its claim, and transfers out of SA were cleared by two regulated South African banks.8 billion to just R53 million, alternatively R62 million, which it deemed “an appropriate confiscation order” reflecting his known salary payments and inducements received from corrupt practices at Bosasa.
For example, he says the state conflates two transactions 11 years apart: the R180 000 routed in 2007 to buy a vehicle for a departmental official (which is the 2025 money-laundering count he pleaded guilty to), and the later transfer of funds to Italy.
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