Johannesburg - Fake invoices and fictitious companies were used by facilities management and security company Bosasa to stock up cash for bribes to corrupt senior government officials, the state capture commission of inquiry heard on Wednesday.
Former Bosasa chief financial officer Andries van Tonder said CEO Gavin Watson requested a lot of cash from the company's bank account. As time went on, the cash amounts requested became too large, posing regulatory risks for Bosasa.
The company then began using various illegal ways to get the cash, including requesting cash payments for fictitious goods, Van Tonder said.
''The requests for cash escalated over the years. Cash cheques were issued by companies within [the Bosasa] group and requisitions accompanied by fake invoices for cash to pay fake entities would be forwarded. Furthermore, money would be requested to pay a non-existing labour broker in cash,'' said Van Tonder.
In another scheme, death benefits were used to launder money, said Van Tonder. Copies of Metropolitan funeral policies were sent for cash claims. A company called Equal Trade Pty Ltd, owned by Gregg Lacon-Allen, was also used to access money. Weekly orders included ''1 ton of chicken'', a code for R1 million, said Van Tonder.