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Diamond dealer Louis Liebenberg seen in court.
Alleged fraudster and diamond dealer Louis Liebenberg has abandoned his bail application in the Bronkhorstspruit Magistrate’s Court.
The state was expected to cross examine Liebenberg who moved his bail application on Monday after his attorneys withdrew from the proceedings.
Liebenberg, his wife Desiree and seven others face multiple charges including fraud, racketeering and theft.
VIDEO | Desiree Liebenberg’s bail application was denied.
The case relates to an alleged investment scam in which investors were allegedly swindled out of more than R4 billion.
Just before the state could commence with cross examination, Liebenberg dropped the unexpected news that he would no longer be continuing with his application.
This is after he spent the whole of Monday arguing among others, that there is a witch hunt against him.
He also told the court that he suffers from arthritis which has worsened due to the poor prison diet. Liebenberg and his wife Desiree will remain in custody until February next year when the matter resumes for a trial date.
They will be joined by the seven other accused who are out on bail.
