Liebenberg, his wife Desiree and seven others face multiple charges including fraud, racketeering and theft. The case relates to an alleged R4 billion ($223 million) investment scam.

It is alleged Liebenberg used social media and radio interviews to lure unsuspecting victims to invest in a so-called diamond trading scheme. Investigations later revealed that the funds amassed from the scheme were used to register companies with directors, purchase two mines and fund the Liebenbergs’ lifestyle.

Liebenberg, who remains in custody, once requested to be moved from the Kgosi Mampuru Correctional Facility in the city of Pretoria to allow for privacy during consultations with his lawyers. The seven other accused are already out on bail.

–SABC–