The Umkhonto Wesizwe (MK) Party has hailed Louis Liebenberg as a loyalist.
Speaking at a press briefing on Friday, the party declined to comment on Liebenberg's arrest and subsequent court appearance.
Ahead of his court appearance on Thursday, Liebenberg shouted “Viva Msholozi, viva MK”, as he entered the dock.The National Prosecuting Authority said Liebenberg along with his wife Desiree Liebenberg; Magdelena Petronella Kleynhans; Johannes Petrus Badenhorst; Helena Dorothea Amy Schulenburg; Adriaan Dewald Strydom; Christelle Badenhorst; Nicolize van Heerden; and Walter Niendinger face 42 counts of fraud , racketeering, money laundering and contravening several acts.
“Potential investors were lured through social media and radio interviews to invest in the buying and selling of diamonds and were also promised high returns over a short period of time using a cashless platform called AE Switch. Thousands of investors made payments into the platform amounting to approximately R4.5 billion.”
Arrest Saps Npa Mk Party Gauteng Jacob Zuma Crime And Courts
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
From the cell to social media: Louis Liebenberg’s video message after arrestThe diamond dealer Louis Liebenberg on Wednesday morning created a video from the police office in Bronkhorstspruit.
Read more »
Louis Liebenberg, wife and 7 accused back in court next weekThree of the nine people facing charges of 42 counts of fraud, five counts of racketeering, six counts of money laundering and various statutory offences were granted bail yesterday.
Read more »
Hawks bag Louis Liebenberg and ninth suspect in alleged R4bn diamond scamThe alleged mastermind, Louis Liebenberg, lured investors with promises of huge profits that never materialised.
Read more »
R4 billion diamond scam: Louis Liebenberg and his wife arrestedThe controversial diamond dealer Louis Liebenberg and his wife, Dezzi, was arrested by the Hawks on Tuesday at a restaurant in Benoni.
Read more »
Diamond dealer Louis Liebenberg and wife arrested at Benoni Country ClubBreaking local news in Boksburg
Read more »
Top 10 stories of the day: Diamond dealer in court | Clairwood Hospital fire | Police let Bester go 2 months after prison escapeDaily news update: controversial diamond dealer Louis Liebenberg appeared in court along with other fraud accused.
Read more »