Assets totalling 46m seized from former ANC MP Vincent Smith

This includes property, wholly-owned company Euro Blitz and his family trust. 

Smith is implicated in corruption related to controversial facilities management company, Bosasa. 

The directorate’s spokesperson Sindi Twala says his daughter’s assets were also seized.  

“The restraint order granted to the National Director of Public Prosecutions under section 26 of the Prevention of Organised Crime Act (POCA) extends not only to Smith’s property, and that of his family trust and his company Euro Blitz 48, but also to certain property of his daughter, Brumilda Smith, and the property of any other person or entity that received an affected gift under section 12 of POCA.” 

Twala adds Smith is prohibited from dealing with or disposing of the restrained property while the restraint order is in place. 

“Trevor Hills of PWC has been appointed by the court as the curator bonis to take control of and preserve the assets pending the outcome of criminal proceedings instituted against Smith and Euro Blitz 48. 

“The restraint order is also necessary to preserve assets while investigations continue into additional unlawful activities from which Smith derived corrupt benefits not disclosed either to SARS or the Registrar of Parliamentary Members’ interests,” she adds. 

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In October last year, Smith appeared in the Johannesburg Specialised Commercial Crimes Court sitting in Palmridge and was granted bail of R30 000.   

He is facing fraud and corruption charges for failing to declare some R600 000 which was paid by Bosasa to his company. 

He also benefitted from a security system installed by the company at his Roodepoort home. 

“Smith’s assets (and those of Euro Blitz 48 and Smith’s family trust) will be restrained pending the finalization of the fraud and corruption case and/or the tax charges."