PP: Who drew up fake invoices? 

AA: Various people, I knew of Carlos Bonifacio, who was a chief accountant, he assisted. 

Agrizzi now explains how Bosasa obtained cash:

Raising fake invoices with no VAT numbers. Regenerate invoices and not use them more than once or twice. 

A company called Kwgetlo Events is mentioned, invoices were booked to this company as to avoid revenue queries. 

There was also an occassion where a deceased person's name was used on an invoice.

On vehicle repairments:

Reuben Pillay, the security liaison at Acsa, had car repairs which would be authorised by Gumede and finalised by Agrizzi.

"I signed off everything, that was the rule," he says.

BREAKING: Zondo commission secretary implicated in Bosasa corruption

The secretary of the state capture commission of inquiry, Dr Khotso de Wee, is implicated in testimony before the selfsame commission by former Bosasa top boss, Angelo Agrizzi.

In a stunning twist, News24 can report that Agrizzi will name De Wee as a recipient of cash payments relating to a 2008 tender awarded to Bosasa subsidiary, Sondolo IT, by the department of justice and constitutional development for the installation of security systems at courts around the country.

COLUMN: Bosasa and I

Every journalist needs a bit of luck after lots of hard work to publish your big break.

Mine came in the form of a random company search I did one afternoon after working for months with colleague Carien du Plessis to find a link between an obscure Krugersdorp-based company called Bosasa and the correctional services department (DCS).

ANALYSIS: Friday Briefing: Inside the Bosasa mafia

The revelations by former Bosasa executive Angelo Agrizzi about how the company went about its business capturing the state was remarkable.His testimony this week at the judicial commission of inquiry into state capture played out like a mafia movie: vaults packed with money, bent politicians and cheap thrills for pliable union leaders.

#StateCaptureInquiry: Agrizzi's testimony postponed over 'security issue'

Deputy chief justice Raymond Zondo adjourned hearings of the commission of inquiry into state capture on Thursday afternoon raising security concerns. 

"We did not resume at 14:00 because there was a security situation connected with the hearing," Zondo said following an hour delay after lunch.

Why Agrizzi is spilling the beans now

One of the biggest questions surrounding the testimony of former Bosasa director Angelo Agrizzi at the state capture commission of inquiry is why: Why is Agrizzi taking the risk to reveal all?

Agrizzi has claimed that it is related to a near death experience he had towards the end of 2016. A tumour on his heart resulted in a risky surgery and a short stint in a coma for the businessman. After this and during his recovery, he claims to have seen the light and wanted out of the wrongs of Bosasa, where he had been for nearly 19 years at that stage. 

There may however, be another reason.

WATCH: Full transcript of Bosasa video before state capture commission of inquiry

Bosasa CEO Gavin Watson has emerged as the absolute kingpin in the Bosasa empire of bribes, intimidation and cold hard cash.