Overview
- The Gauteng High Court on 29 October 2026 ordered former Bosasa COO Angelo Agrizzi to pay R1,666,582,825.73 plus interest after a Prevention of Organised Crime Act confiscation inquiry.
- Judge Mokhina Mosopa found Agrizzi acted in a joint criminal enterprise at Bosasa and attributed the company’s unlawful proceeds to him rather than limiting liability to money he personally received.
- The judgment records Agrizzi’s admissions that he prepared cash bundles used to bribe officials and finds he failed to disclose or concealed assets, including a property in Italy that was later sold.
- Agrizzi, who is in Italy, says he cannot pay the amount, disputes the valuation and has signalled he will apply for leave to appeal, while the NPA says recovery depends on enforceable assets and legal steps.
- The ruling deepens financial accountability from the state-capture era and raises practical tests for enforcement, cross-border recovery and how POCA orders will be applied in future corruption cases.