AS IT HAPPENED: R500 000 payment to Andile Ramaphosa was fraudulent says Venter, as he concludes testimony at #statecaptureinquiry

2019-03-27 10:03

The judicial commission of inquiry into state capture continues to hear testimony from former Bosasa auditor Peet Venter.

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Last Updated at 09:43
27 Mar 14:16
Angelo Agrizzi is set to take the stand tomorrow, Pretorius anticipates another lengthy testimony is expected to follow. 

27 Mar 14:14
Zondo has accepted the statement, and sees no need to oral testimony to be given. 

27 Mar 14:11

27 Mar 14:11
Advocate Pretorius comes forward and presents to the commission the request for Themba Maseko's wife to deliver a statement of her version of a phone call conversation between Maseko and a Gupta family member. She confirms that the call had taken place.

27 Mar 13:59

27 Mar 13:58
Venter concludes his testimony.

27 Mar 13:58

27 Mar 13:57

27 Mar 13:54

R500 000 from Watson's personal account forwarded to Absa bank account belonging to Andile Ramaphosa's Foundation, recorded as a social development payment.

No records of Miotto in relation to this transaction.

Molefe: In the set of circumstances in the flow of money, would you accept that Miotto was no more than a vehicle of discussion used to disguise the payment to Andile Ramaphosa?

Venter agrees.


27 Mar 13:53

27 Mar 13:46
Interview with Carte Blanche, they (Watson, Joe Gumede and Papa Leshabane) wanted Venter to explain the flow diagrams - How Agrizzi planned to sabotage the company. Showing the world that he was not clean, Venter testifies. 

27 Mar 13:43

27 Mar 13:43
Venter says he became friends with Ahmod, introduced him to Van Tonder. Van Tonder wanted to buy a few things for his mother's house. Ahmod owned a wholesaler. He was really impressed, and wanted to show Watson the company as well, They became interested in buying the company, because Mr Ahmod was getting older. Also asked him about how much cash he was generating in his business.

27 Mar 13:40

- Onto the unlawful transactions

Venter: "I told Watson about what I've seen and what was told to me by Van Tonder and  Agrizzi. I told him that all of this will bring him down. He really wanted to give me comfort not to turn against him. He gave me the assurance that he knew a gentleman at SARS who would sort this out. The name given was 'Gorbi'."


27 Mar 13:32
Venter has confirmed that: Watson wanted to know if he had signed the affidavit, asked him if he is prepared to put his hand on the Bible. 

27 Mar 13:23

27 Mar 13:23

No details of the crash were discussed in his presence, Venter says. But to his knowledge, the crash didn't take place. He therefore cannot confirm it. From the discussion (in his presence) he can only confirm this.

Venter: "I had a meeting with Watson, something was mentioned about server problems and the word 'crash' was used. I wasn't sure as to what they were discussing. Surely they had computer problems because they referred to a crash."  


27 Mar 13:19

27 Mar 13:14
Venter says he felt "discarded" by Watson.

27 Mar 13:07

27 Mar 13:02

27 Mar 12:59

Zondo clarifies and questions the "we" in his affidavit.

"That must include you?" he asks.

Zondo: My question is, did you do that?

No chair. The "we" is not correct. I disagree with that. 

Zondo: That concerns me Mr Venter.


27 Mar 12:58
In affidavit, Venter says he was instructed to hide receipts under contingent liability in the balance sheet instead of income to avoid paying tax of R10.3m, Zondo asks Venter about this. Venter says Andries Van Tonder dealt with financial affairs of Phezulu, he was only told about this by Van Tonder.

27 Mar 12:49
Venter reads out from his statement. He says in 2015, Watson, Lindsay Watson and Roth Watson instructed him to "assist them with the restructuting of the Watson family entities in order to gain financially from Bosasa companies". 

27 Mar 12:46

27 Mar 12:39

Venter was later instructed to "retrench" Reiger. Says he met Reiger when he was fired, he mentioned illegal activities, but no documents were provided. 

Zondo questions the definition of being retrenched vs being fired. 


27 Mar 12:36

27 Mar 12:36
Peter Reiger, in charge of paperwork, was instructed to make make fradulent entries, Venter's statement reads. This matter was mentioned to Venter during a consultation.

27 Mar 12:36

Watson instructed Van Tonder to oversee payments to suppliers. These costs were either capitalised or expensed within the Group of Companies.



27 Mar 12:08
We take a short break, adjourning until 12:15.

27 Mar 12:08

27 Mar 12:01
Zondo: [referring to salary decrease on the books, but still being reimbursed in cash] What was being done was to not reflect the true records? Correct, confirms Venter.

27 Mar 11:58

27 Mar 11:53

Molefe: Would this have been an actual reduction in the money paid into his bank account or just according to the books? 

Venter: Yes. A lesser amount was paid.

Molefe: Do you know of any other income received from Bosasa books? 

Venter: No,only from Consilium.


27 Mar 11:51

Louis, employed by Consilium Business Consultants (Pty) Ltd, approached Venter to make changes to his salary. Watson instructed Venter (through Louis) to reduce his salary from R137 000 cost to company to R90 000 cost to company pm. The salary difference was to be paid in cash.

"He was very vague about it. He didn't want to tell me," Venter says.


27 Mar 11:48

October 2017: Consilium had external auditors that were appointed.

Correct, says Venter.

Watson appointed Louis and Colleen Passano to handle company and group finances.


27 Mar 11:41

27 Mar 11:35

27 Mar 11:35
Venter says he knew it was cash wrapped "in a bank secure bag" when he was given a parcel by Watson to give to Gillingham.

27 Mar 11:35

27 Mar 11:33
Molefe asks him to elaborate on these "illegal demands". Zondo clarifies that he had doen so about 10 minutes or so ago. Molefe says she doen't recall him classifying these as "illegal". Venter then repeats the illegal payments.

27 Mar 11:32

Venter reads aloud the contents of a statement which says a parcel was given to him by Watson's daughter, Lindsay Watson.

Molefe dealing with the opening statement to this paragraph stating: "Watson kept making illegal demands..."

Venter agrees that Watson asked him to participate in these illegal demands.


27 Mar 11:27

27 Mar 11:21

27 Mar 11:21
Venter: Could not point fingers at Watson, because he made use of people. He considered them illegal because Watson did not provide an explanation for these activites.

27 Mar 11:19

27 Mar 11:18

Zondo: Watson instructed you to do illegal things?

Venter: Correct.


27 Mar 11:18

27 Mar 11:17

Venter: I was told by Agrizzi, Van Tonder about things they had to do. 

Zondo: What those insistances are of illegal things from personal knowledge/experience.

Venter: The payment to Motsoeneng, Andile Ramaphosa and a matter where I had to hand over a plastic bag to someone.


27 Mar 11:06

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