Monday, May 16, 2011

Youngest billionaire’ case postponed

Youngest billionaire’ case postponed
May 16 2011 at 05:01pm

Mandla Lamba may be the country"s youngest mining magnate a billionaire at 25 but the spectre of crime hangs over him which, he says, is all a plot to discredit him. Photo: Courtesy of the Sunday World.

The court case of a man claiming to be South Africa's “youngest billionaire” was postponed in the Orlando Magistrate's Court on Monday, Gauteng police said.

Mandla Lamba, who stands accused of fraud and theft, would appear before the court again next Tuesday for a formal bail application, Lieutenant Colonel Lungelo Dlamini said.

Lamba was arrested last Tuesday at Nelson Mandela Square in Sandton, Johannesburg, on 15 charges, including theft, fraud and culpable homicide.

He claimed to a have become a billionaire at age 25 from interests in gold, diamond and manganese mining. - Sapa

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