Orrin Singh31 October 2024 | 11:35

Controversial diamond dealer Louis Liebenberg abandons bail

Liebenberg and eight of his employees and associates appeared in the Bronkhorstspruit Magistrates Court on Thursday.

Controversial diamond dealer Louis Liebenberg abandons bail

Alleged fraudster Louis Liebenberg (left) and his co-accused appeared in the Bronkhorstspruit Magistrates Court on 31 October 2024. Picture: Jacques Nelles/EWN

JOHANNESBURG - Controversial diamond dealer and staunch Jacob Zuma supporter, Louis Liebenberg, has opted not to apply for bail. 

Liebernberg and eight of his employees and associates appeared in the Bronkhorstspruit Magistrates Court on Thursday.

He faces charges of fraud and racketeering.  

The charges relate to a R4 billion diamond investment scheme where thousands of people were conned out of their money. 

While five of Liebenberg's co-accused made applications for bail, he chose not to, with his bail application set down for next week.