Johannesburg - Former Bosasa chief operations officer Angelo Agrizzi has revealed shocking details of how the controversial company used the deaths of its employees and their relatives to generate money to pay for bribes and corruption.
Testifying on Friday morning, Agrizzi told the commission of inquiry into state capture, that the scheme was very sad.
It involved Bosasa taking out insurance through the Metropolitan Death Benefit Fund to try and assist bereaved families of its employees.
In its books, Bosasa would make the payment while the family was waiting for the death certificate and then claim it made a double contribution.
In fact, once the fund had paid Bosasa, the money raised was used to pay bribes and for corruption.