Keith Schembri and his associates have been granted bail by the court.
Schembri was charged together with his elderly father Alfio Schembri, a director of several of the Kasco companies, and business partner Malcolm Scerri and financial controller Robert Zammit.
They will not, however, be able to leave jail until at least tomorrow as they were unable to make the necessary deposit to the courts due to today being a bank holiday.
His father Alfio Schembri had been awarded bail last week in a separate request.
The magistrate further decreed that there is enough evidence to place all four of the accused under a bill of indictment.
Schembri was charged with corruption and giving false testimony. He was also accused of forgery.
He formed part of a group of 11 people charged two weeks ago, including a former managing director at Allied Newspapers, publishers of Times of Malta.