The Indo-Fijian man, Salendra Sen Sinha, has appeared in a Suva court in relation to a Fiji Islands and Revenue and Customs Authority scam.
Mr Sinha, who is alleged to have been involved in the FIRCA scam involving 117,000 US dollars, is also wanted by police in Vanuatu over his involvement in that country's biggest ever fraud case.
He is believed to have masterminded the fraud of at least 300,000 US dollars of Vanuatu government money.
Radio Fiji reports that the Fiji Magistrate John Semisi has granted Mr Sinha bail and instructed him to surrender all travel documents.
The case has been adjourned to November 26th for plea.
Vanuatu police recently expressed frustration at the long delay in response from Fiji to their request for extradition of Mr Sinha.
But Fiji police say the request can only be processed when the Fiji court has dealt with a local criminal case hanging over the fugitive.