Overview
- Johannesburg High Court accepted a Section 105A plea and sentence agreement on 5 March, finalizing the case against the former ANC MP.
- Smith pleaded guilty to contravening PRECCA, fraud, money laundering and tax offences linked to Bosasa-linked kickbacks.
- The court imposed 12 years on each count with five years suspended per count, resulting in seven years of direct imprisonment, according to the IDAC.
- Prosecutors said he failed to declare Bosasa gratification to Parliament and did not disclose about R28 million in Euroblitz 48 taxable income from 2009 to 2018.
- Charges against Euroblitz 48 were withdrawn as the NPA and the Presidency welcomed the outcome as a concrete step in State Capture accountability.