Case against alleged diamond scam kingpin Liebenberg postponed
Liebenberg who is one of the funders of the MK Party is facing fraud, money laundering and racketeering charges for running a ponzi scheme.
Louis Liebenberg appeared in the Bronkhorstspruit Magistrates Court on 2 April 2025. Picture: Kgomotso Modise/EWN
JOHANNESBURG - The bail hearing of alleged kingpin of a diamond scam, Louis Liebenberg, has stalled in the Bronkhorstspruit Magistrates Court.
Liebenberg, who is one of the funders of the uMkhonto weSizwe (MK) Party, is facing fraud, money laundering and racketeering charges for running a Ponzi scheme.
The ally of former President Jacob Zuma and his wife, Desiree, are accused of running a diamond investment scheme, syphoning R4 billion from investors.
Liebenberg ran his eyes through the small courtroom that had previously been filled with MK Party members in his support.
Not a single member in green was in attendance, and so Liebenberg greeted the police officers who were seated in the gallery instead, saying: "Hello boys".
The alleged fraudster’s lawyers, who cannot be named, have asked for another postponement to prepare for his bail application, saying they could not consult while he has been in a C-Max prison.
The court allowed the request for postponement, but warned that the bail application must proceed.
Previously, Liebenberg fired his lawyers, tried to represent himself and now has new lawyers before court.
His matter has been postponed to July.
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We are in the Bronkhorstspruit magistrates court where alleged kingpin of a major diamond scam, Louis Liebenberg has appeared.
— Kgomotso🌸 (@motso_modise) April 2, 2025
There are no MK party Members in court today. He is a big funder of the party.
He says “Hello boys” to the cops@ewnreporter pic.twitter.com/qVSyK8RohC