Court rules Lerala's diamonds must return from Belgium

Friday, July 03, 2020

Better times: Lerala Diamond Mine closed in May 2017 leaving more than 130 workers stranded

High Court judge, Omphemetse Motumise has found that the ‘spiriting away’ of 53,755 carats to Belgium from Lerala Mine, a day before its closure in 2017, was a collusive deal in which the principal owner sought to gain value ahead of other creditors.

In a long awaited judgement issued recently, Motumise ruled that the transaction was voidable and ordered former Lerala owner, Alex Alexander, to ensure the diamonds return to Lerala’s liquidator.

Alexander, the sole director of the company that owned Lerala Diamond Mine and who reportedly ran the Tswapong Mine via a Whatsapp group, lost the case with costs.

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Court rules Lerala's diamonds must return from Belgium

High Court judge, Omphemetse Motumise has found that the ‘spiriting away’ of 53,755 carats to Belgium from Lerala Mine, a day before its closure in 2017, was a collusive deal in which the principal owner sought to gain value ahead of other creditors.

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Serowe woman ingests acid, attempts suicide

Serowe man 'loses' P1m in trading

Inspect the voters' roll!