Alleged Diamond Dealer Louis Liebenberg To Apply For Bail

4 Hour(s) Ago    👁 47
alleged diamond dealer louis liebenberg to apply for bail

The bail application of alleged diamond dealer, Louis Liebenberg, will resume at the Bronkhorstspruit Magistrates Court this morning.

Liebenberg, his wife Desiree and seven others face multiple charges including fraud, racketeering and theft.

The case relates to an alleged R4 billion investment scam.

Its alleged Liebenberg used social media and radio interviews to lure unsuspecting victims to invest in a so-called diamond trading scheme.

Investigations later revealed that the funds amassed from the scheme were used to register companies with directors, purchase two mines and fund the Liebenbergs lifestyle.

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