Cape Town Diamond Dealer's Assets Seized Days After Launching Parliamentary Bid

Prominent diamond dealer's assets seized days after launching independent parliamentary bid, raising questions about financial dealings and ties to ex-president Zuma.

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Israel Ojoko
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Cape Town Diamond Dealer's Assets Seized Days After Launching Parliamentary Bid

Cape Town Diamond Dealer's Assets Seized Days After Launching Parliamentary Bid

Louis Liebenberg, a prominent diamond dealer in Cape Town, South Africa, recently launched a bid for Parliament as an independent candidate. However, just days after announcing his candidacy, Liebenberg had his assets seized by the sheriff.

The sheriff raided Liebenberg's house in Cape Town and offices linked to his company Tariomix, also known as Forever Diamonds and Gold. Tariomix was placed into final liquidation by the Mahikeng High Court in the North West province. The liquidators were searching for "movable and immovable assets" funded by Tariomix investors.

During the raids, the sheriff seized various items from Liebenberg's house, including chairs and a fridge. The asset seizure occurred shortly after Liebenberg announced his intention to run for Parliament in the upcoming elections.

Liebenberg is running as an independent candidate with his newly formed political party called Herbou (Reconstruction). He has stated that if elected to Parliament, he would work closely with former president Jacob Zuma's MK party. Liebenberg had previously given R3.2 million to Zuma to help cover his legal costs.

Why this matters: The seizure of Liebenberg's assets by the sheriff raises questions about the financial dealings and stability of the parliamentary candidate. It also highlights potential connections between Liebenberg and former president Jacob Zuma, who has faced legal challenges and corruption allegations.

The timing of the asset seizure, coming just days after Liebenberg launched his bid for Parliament, has drawn attention to his candidacy and the circumstances surrounding his diamond business. As the elections approach, voters will likely scrutinize the background and financial history of candidates vying for public office.

Key Takeaways

  • Louis Liebenberg, a diamond dealer, launched a bid for Parliament in South Africa.
  • Days later, the sheriff seized Liebenberg's assets due to his company's liquidation.
  • Liebenberg's company, Tariomix, was placed into final liquidation by the Mahikeng High Court.
  • Liebenberg had previously given R3.2 million to former president Jacob Zuma for legal costs.
  • The asset seizure raises questions about Liebenberg's financial dealings and political connections.