Prominent attorney Harold Brady, is expected to be released from police custody this afternoon.
Brady appeared in the Corporate Area Criminal Court this morning and was ordered to return to Court on March 27 for a mention date.
He was offered bail in the sum of 3-million dollars.
Prosecutors indicated to Resident Magistrate Judith Pusey that they are not opposed to Brady being granted bail.
Brady was unable to take up his station bail offer yesterday due to the absence of one of the documents required.
He was arrested and charged yesterday afternoon with fraudulent conversion.
Brady is accused by the complainant, Jeffery Panton of failing to turn over 37-thousand US dollars.
The money represents proceeds from a multi-million dollar property sale in Stony Hill, St. Andrew.
Brady, who’s the Chairman of the JLP’s legal and constitutional committee has denied the charges.
One of his attorneys, Raymond Clough, says the outstanding sum has not been turned over to Mr. Panton because the bank did not release the money.
Mr. Clough says Brady converted proceeds from the sale of the property to United States dollars at Mr. Panton’s request.
Defence attorney, Peter Champaigne, who was in Court this morning, has been retained to watch proceedings on behalf of Mr. Panton and his wife.