SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Diamond News

South Africa South Africa Latest News,South Africa South Africa Headlines

Liebenberg, who is representing himself, faces charges including fraud, racketeering and theft.

The bail application of diamond dealer Louis Liebenberg is ongoing at the Bronkhorstspruit Magistrate’s Court in Pretoria.multiple charges including fraud, racketeering, and theft.

The charges stem from an alleged investment scam in which investors were reportedly defrauded of over R4 billion through investments in Liebenberg’s companies. During the hearing, Liebenberg defended his business operations, claiming they provided significant employment and sought to redistribute wealth.

“What I’ve done and what we’ve done as a group, was to create a solution to the problem, that’s never going to get away in South Africa. And that is the access to the mineral wealth that the ordinary person needs desperately. What we see is a repetition of the formula and the formula goes ‘I’m an Oppenheimer…,’” he stated.

Liebenberg further commented, “I’ve been working for generations on the mines in South Africa because at one stage my people came from England or Europe and came and took the mineral wealth.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bus crash in central Mexico kills 19 people - SABC News - Breaking news, special reports, world, business,The accident occurred in the early morning hours.
Source: SABC News Online - 🏆 32. / 51 Read more »