Watson children subpoenaed to Bosasa insolvency inquiry
The children and nephew of late Bosasa CEO Gavin Watson – Lindsay, Roth and Jared Watson – have been subpoenaed to appear before a confidential insolvency inquiry where they are set to be interrogated about the corruption accused company's affairs.
The subpoenas mark the next chapter in the battle between the liquidators and the Watsons who have been fighting in the courts to keep Bosasa alive since February last year.
The liquidators approached the High Court this year to obtain an order granting the establishment of the inquiry. The court granted the application which also sought to convert the voluntary liquidation to a compulsory one.
Retired Judge Meyer Joffe was appointed by the court as commissioner.
A News24 report says the young Watsons are the first individuals to be subpoenaed by the inquiry and it is understood the list of individuals, which will include recipients of suspicious payments and other directors, will be lengthy.
Liquidator Cloete Murray reportedly would not confirm whether President Cyril Ramaphosa's son Andile Ramaphosa – who had a questionable deal with Bosasa through his company, Blue Crane Capital – was one of the individuals who would be subpoenaed.
He said he was precluded from commenting on any specific transaction, persons or institutions that ‘might have benefited’ from one or more of the Bosasa companies until the liquidator's investigations have been properly concluded.
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