EXCLUSIVE | State freezes R100m in bank accounts linked to diamond dealer Louis Liebenberg

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Diamond dealer Louis Liebenberg.
Diamond dealer Louis Liebenberg.

Larger-than-life diamond dealer Louis Liebenberg and his company Tariomix have had their bank accounts containing approximately R100 million provisionally frozen by an order of the North Gauteng High Court in Pretoria, following allegations of money laundering and of running a Ponzi scheme.

The National Prosecuting Authority (NPA) secured the provisional preservation order against bank accounts in the name of Liebenberg, his colleague Ronelle Kleynhans and Tariomix in March.

The order was granted in terms of section 39 of the Prevention of Organised Crime Act, which allows a high court to freeze assets if "reasonable grounds" exist to believe that the proceeds may result from unlawful activities.

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