'If Bosasa goes under the hammer it will be illegal'

Property belonging to Bosasa, now African Global Operations is set to go under the hammer tomorrow.

The company was put into liquidation after banks announced they would be closing all its accounts due to corruption allegations.

This followed after former Bosasa CEO Angelo Agrizzi gave evidence at the State Capture Inquiry where he said they pocketed billions from government contracts using bribes.

The three-day auction includes passenger and commercial vehicles, catering, garden and office equipment.

Clement Manyathela speaks to Gavin Watson's nephew Jarred Watson about the auction.

If it goes ahead tomorrow it will be an illegal auction. The provisional liquidators don't have the authority to sell any assets within the business.

Jarred Watson, Gavin Watson's nephew

The provisionally appointed liquidator has no right to sell any assets of the business, there has to be a first meeting of creditors and only once a liquidator is appointed only then they can sell the assets.

Jarred Watson, Gavin Watson's nephew

Meanwhile, Park Village Auction & Property Sales director and lead auctioneer Clive Lazarus says the auction will go ahead tomorrow.

We've had two days of viewing and the auction is starting tomorrow at 11am.

Clive Lazarus, Director and lead auctioneer - Park Village Auction & Property Sales

We are starting with approximately 160 vehicles, commercial vehicles and some furniture.

Clive Lazarus, Director and lead auctioneer - Park Village Auction & Property Sales

Listen to the full interview...


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