Precious Metals
Posted By OrePulse
Published: 23 Oct, 2024 08:07
Eight arrested for R4bn diamond investment scam
The Hawks in the Northern Cape have arrested eight people alleged to have been involved in a diamond investment scam of more than R4 billion since 2019.
The suspects include a couple with the husband suspected to have been the mastermind behind the scam.
It has been widely reported that controversial diamond dealer Lous Liebenberg and his wife, Dezzi, are said to have been among those arrested in Gauteng on Tuesday evening.
The Hawks arrested the suspects in Gauteng and North West.
Hawks spokesperson Philani Nkwalse says more arrests are expected.
"The suspects are expected to appear in Bronkhospruit Magistrates’ Court on Thursday, on charges which include but not limited to fraud, money laundering, theft and racketeering."
Related Articles
Investigation uncovers fraudulent identity documen...
10 Sep, 2024 08:08
The Top Five Gold-Producing Countries in Africa in...
10 Sep, 2024 08:46
AngloGold notes ‘enormous geological potential’ in...
10 Sep, 2024 09:29
Awalé Resources expands BBM gold zone at Odienné p...
10 Sep, 2024 11:38
Proposed amendment: Gold mines to be subject to th...
10 Sep, 2024 12:39
Pan African Resources Annual Result Improves; Expe...
12 Sep, 2024 07:42
African countries are joining the sovereign gold-b...
12 Sep, 2024 08:07
Platinum Group Metals Ltd. Announces Positive Inde...
16 Sep, 2024 09:11
At least 20 likely dead in violence near Papua New...
16 Sep, 2024 10:37
Theta changes funding strategy for South Africa pr...
16 Sep, 2024 11:48Trending News
Generation
Syria signs deal with STE to build 100MW solar PV plant...
01 Sep, 2025 13:36
21 min read
Energy
Wind Turbine Technicians trained abroad to strengthen local skills and technology transfer...
01 Sep, 2025 13:32
27 min read
Distribution
The Future of Asset Integrity Management in Africa’s Energy Sector...
01 Sep, 2025 13:24
29 min read
Generation
Nersa registers 111 new power facilities worth R51.9bn in Q1...
01 Sep, 2025 13:12
25 min read