JOHANNESBURG - Former ANC MP Vincent Smith has sentenced to seven years behind bars following the Bosasa corruption trial.
On Thursday, the Johannesburg High Court sentenced Smith to 12 years, five of which were suspended. He will effectively spend seven years in prison after reaching a plea and sentence agreement with the state.
Smith pleaded guilty to charges that include Contravening Section 7 of the Prevention and Combating of Corruption Act 12 of 2004, fraud, money laundering and the Contravention of the Tax Act.
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The conviction relates to the corruption charges in his personal capacity, as well as his capacity as sole director and shareholder of Euroblitz 48, which he failed to disclose to Parliament.
Smith also received gratification from Bosasa, pursuant to the corrupt activities with which, he, Eroblitz 48 and Agrizzi were charge for.
The State said Smith failed to disclose income of Euroblitz between March 2009 and July 2018 totalling to approximately R28 million.