Liebenberg's wife denied bail for alleged scam worth R4bln
The case relates to an alleged investment scam in which investors were allegedly swindled out of more than four billion rand.
In opposing bail, the state argued she might have access to R200 million allegedly hidden from liquidators. The NPA’s Lumka Mahanjana explains, “As the NPA, we welcome the ruling handed down by the magistrate to deny bail. She failed to convince the court that it was in the best interest of justice that she be released on bail. So, is the NPA right now? We’re going to start preparing for the trial. So, the matter now was postponed to the 4th of February, when the accused persons will join the rest of those that were previously granted bail.
Diamond Dealer Alleged Investment Scam
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