Cape Town Diamond Dealer and Parliamentary Candidate Louis Liebenberg's Assets Seized by Sheriff

Louis Liebenberg, a prominent diamond dealer and parliamentary candidate in Cape Town, has had his assets seized by the sheriff of the court. The raids were conducted at Liebenberg's house in Cape Town and at offices linked to his company Tariomix, which was placed into final liquidation in the second week of April 2024.

The sheriff attached Liebenberg's assets, including chairs and a fridge, at the request of the liquidators of Tariomix, also known as Forever Diamonds and Gold. The company financed the buying and selling of diamonds. The liquidators were searching for "movable and immovable assets" funded by Tariomix investors.

The asset seizure comes just days after Liebenberg launched his new political party, Herbou, and announced his bid for Parliament in the 2024 elections. Earlier this month, Liebenberg was approved as an independent candidate. He has said he plans to work with the uMkhonto Wesizwe Party (MKP), the EFF, and other progressive parties to remove the ANC and the DA from power if elected.

Why this matters: The seizure of Liebenberg's assets raises questions about his business dealings and could impact his parliamentary candidacy. As a high-profile figure in both the diamond industry and political sphere, the outcome of this case will be closely watched.

In 2023, Liebenberg and Tariomix were acquitted of allegations that they were operating a Ponzi scheme, but his bank accounts were previously frozen based on allegations of illegal diamond investments and other potentially unlawful activities. Liebenberg has also drawn attention for giving R3.2 million to former president Jacob Zuma to help cover his legal costs, and stating he would work closely with Zuma's MK party if elected to Parliament.

As the liquidation proceedings for Tariomix continue, Liebenberg's assets remain in the possession of the sheriff. "The liquidators were searching for movable and immovable assets funded by Tariomix investors," a source close to the investigation stated. The full extent of the seized assets and the impact on Liebenberg's political aspirations remain to be seen as the case unfolds.

Key Takeaways

• Diamond dealer Louis Liebenberg's assets seized by court sheriff
• Liebenberg's company Tariomix placed into final liquidation in April 2024
• Liebenberg launched new political party Herbou and announced 2024 election bid
• Tariomix previously acquitted of Ponzi scheme allegations, but Liebenberg's accounts frozen
• Seized assets and impact on Liebenberg's political aspirations remain to be seen