Liebenberg's assets still being auctioned
Just days after millions of rands worth of mining equipment went under the hammer, seven properties linked to Louis Liebenberg will go on auction as the pieces of his diamond empire continue to be sold off.
News24 reports that yesterday, a three-storey office building in Kempton Park that housed the headquarters of his diamond-buying and -selling business Tariomax was put on the market.
One of the companies linked to Liebenberg and Tariomix bought it for R6.3m in 2021.
An adjacent three-storey office, owned by a company linked to Tariomix, was also expected to be sold off yesterday. It was bought for R3.3m 2022.
If both properties are sold at close to what they were bought for, liquidators will make around R10m, which will go into a pot to be paid to creditors at a later date.
Tariomix was placed under provisional liquidation in February 2023 in a civil case. A final liquidation order was granted in April 2024, with a judge ruling the company was insolvent.
The state is also pursuing a criminal case against Liebenberg and seven co-accused, including his wife, Dezzi.
It has placed Tariomix and Liebenberg at the centre of what it says is a multibillion-rand Ponzi scheme. Liebenberg has denied wrongdoing, saying his businesses were always legal. Today four more properties linked to Liebenberg will be sold off. Another went on auction on Monday.
This week’s property sale is one of four auctions of goods and assets linked to Liebenberg, Tariomix and his diamond empire.
Last week, mining equipment linked to Tariomix and Anolascore, including front-end loaders, excavators and tractors, went on auction in the Northern Cape, notes the News24 report.
Furniture, vehicles, and sound equipment linked to Tariomix and Die Waarheid radio station will go on live auction in Pretoria on Saturday.
Some of the assets include sound equipment, cameras, a framed photo of former President Jacob Zuma and a framed portrait of Liebenberg.
Then, in November, more assets linked to Tariomix will be sold off in Cape Town.
Liebenberg and his seven co-accused are set to appear in court again in late November.
Article disclaimer: While we have made every effort to ensure the accuracy of this article, it is not intended to provide final legal advice as facts and situations will differ from case to case, and therefore specific legal advice should be sought with a lawyer.
