'Billionaire' Lamba denied bail

2011-06-08 18:08

Johannesburg - South Africa's "youngest billionaire" was denied bail by the Orlando Magistrate's Court on Wednesday, the National Prosecuting Authority (NPA) said.

Spokesperson Mthunzi Mhaga said Mandla Lamba would appear again on June 27.

He said Lamba was denied bail because he was considered a flight risk.

"We welcome this decision as there would have been a likelihood he would not stand trial. We are glad because it gives us ample opportunity to investigate while he is in custody," said Mhaga.

He said the trial was postponed because investigation was needed into additional claims of, among other things, alleged fraud made by people he believed were coming out now "because of the trial's media coverage."

Lamba faces 15 charges of fraud, theft and culpable homicide relating to a 2007 car accident in which two people died.

He was arrested on May 10 at Nelson Mandela Square in Sandton, Johannesburg.

Lamba claims to a have become a billionaire at the age of 25 from interests in gold, diamond and manganese mining.

  • POLLENYS - 2011-06-08 18:20

    "Lamba faces 15 charges of fraud, theft and culpable homicide relating to a 2007 car accident in which two people died." ---- Surely this should have been the second paragraph, if not the intro? But here it sits at number 6!

      Willis Blue - 2011-06-08 18:54

      Well spotted while reading I thought the same "dont care if he is getting bail or not, why is he in the crapper in the first place" Must be that 15 charges of fraud, theft and culpable homocide is standard practice.

  • Zandisiwe - 2011-06-08 19:20

    i want mining rights too. how do people get them? "billionaire at 25" WOW!!

  • - 2011-06-08 19:28

    2007 is 4 years ago! Absurd that these matters take so long!

  • TK - 2011-06-08 19:33

    Why does news 24 call this guy a billionair,because it appears he was lying.Unless News24 can prove he is a billionair please do not put it like its a fact. This guy is fraudster...

      POLLENYS - 2011-06-08 19:46

      The word 'billionaire' is in inverted commas - meaning more or less there is lots of doubt about the fact. Calling him a fraudster before it is proven in a court of law is libel, hence "alleged fraud." At least they got that right.

  • croix - 2011-06-08 23:34

    This sounds like he could possibly be related to that infamous and obnoxious "millionaire" youth league president? Sounds like the same type of "brag-gat". Agree Pollenys, the layout is poor.

  • Freakfloyd - 2011-06-09 00:06

    He just had a birthday party over the weekend, where he jumped out the birthday cake, Very skelm this one. But badly written.

      mossmolly - 2011-06-09 09:03

      @Freakfloyd- its not the same person.

  • Bush Dweller - 2011-06-09 02:25

    Sounds like a typical ANC voter...

  • afroduckk - 2011-06-09 05:21

    Let's see , if this case will highlight the problem South Africa has --> ANC Cadres ... stealing the mineral wealth and dividing it amongst themselves .. and forgetting about the people that voted them into power ...

      Tamzien - 2011-06-09 08:34

      forgive my ignorance but I have read the article and can not see were he is affiliated to the ANC. (I am not a ANC supporter, just think facts should be used when making conclusions #novel idea ain't it)

  • George - 2011-06-09 08:34

    Lamba should plead insanity as he does not look fine upstairs. There are screws missing on his brain.

  • Sbongi Mpanza - 2014-11-18 16:41

    The man was trying to make a living just like others ..... No offence

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