In July 2021, Louis Liebenberg had R100m in assets frozen by the NPA after allegations of money laundering and running a Ponzi scheme.
Dudu Myeni and businessman Louis Liebenberg at Pietermaritzburg high court on Monday, where Jacob Zuma is prosecuting state advocate Billy Downer and News24 journalist Karyn Maughan.Controversial diamond dealer Louis Liebenberg has pledged R500,000 to fund former president Jacob Zuma’s private prosecution of National Prosecuting Authority advocate Billy Downer and News24 journalist Karyn Maughan.
Zuma’s attorney Mongezi Ntanga says in an affidavit filed in response to Downer’s application that Zuma deposit R1m, being the estimated costs needed to fund his defence, that Liebenberg had already deposited the money into the trust account of his own attorney, Walter Niedinger. Ntanga says this pledge would be used in the event “more generalised fundraising resources” from “justice-minded supporters” yielded insufficient funds.
While the issue of the amount was expected to be argued in a pretrial application when Downer and Maughan made their first appearance in the Pietermaritzburg high court on Monday, legal representatives for the parties confirmed the matter had been settled, and Downer had accepted the tender of R500,000.
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