The founder of the Vanuatu People's Investment and Equity Fund is under strict bail conditions after he was arrested by police in late December.
He is charged with misappropriation.
Acting Prime Minister Sato Kilman had revealed the Fund will be investigated for collecting funds from the citizens of Vanuatu with promises for better returns, and failure to pay these returns to their members.
Police have completed their investigations and the file is now at the Public Prosecutor's office.
Source:
RNZ Pacific