The Keetmanshoop Magistrate's Court has denied the bail application of Chairmaine Cloete, one of three suspects charged with two counts of violating the Prevention of Organised Crime Act and illicit trafficking under the Diamond Act.

In his judgment, Magistrate Erick Dandu stated that the evidence presented by the state, which included suspicious transactions involving large sums in Cloete's bank account and the purchase of a vehicle in her name, establishes a prima facie case against her.

He emphasized that money laundering related to illegal diamond dealings is among the most serious economic crimes, potentially carrying penalties of up to $100 million in fines or 30 years in prison if convicted.

Magistrate Dandu also noted that evidence indicating livestock were relocated from a farm at Cloete's direction while she was in custody heightened the risk of interference with the police investigation.

While acknowledging Cloete's ties to Keetmanshoop, he remarked that the unexplained and suspicious bank transactions, along with the severity of the potential penalties, present more than a theoretical flight risk.

Additionally, he stated that the cumulative factors before the court outweigh any financial hardship Cloete may experience due to her continued detention.

Dandu concluded that, on the balance of probabilities, the court is not convinced that granting bail would serve the public interest or the administration of justice.

Cloete has been remanded in custody until her next court appearance on August 7.

State Prosecutor Abel Manyando represented the prosecution, while lawyer Florian Beukes defended Cloete.