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Alleged diamond scammer Louis Liebenberg seen in court.
The bail application of alleged diamond scammer Louis Liebenberg has been postponed to July 2 by the Bronkhorstspruit Magistrate’s Court.
The defence requested the postponement saying they were not granted enough time to consult with their client.
Liebenberg and his eight co-accused face 42 counts of fraud, five counts of racketeering, six counts of money laundering and charges of Contravention of the Companies Act.
Liebenberg, who remains in custody has requested to be moved from the Kgoši Mampuru II Correctional Facility, to allow for privacy during consultations with his lawyers.
He was arrested late last year for allegedly running a diamond scheme which accumulated approximately R4.5 billion.
It’s 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.
