An adviser extradited to France on suspicion of defrauding clients out of more than £2m has been released on bail by a French judge.
Graham Templeton was picked up by police on a European-wide arrest warrant.
At the extradition hearing before Bow Street magistrates, evidence was given that Templeton had served a prison sentence for fraud and frequently changed his identity to escape detection.
It was also said that he had lived a luxury lifestyle on the Costa del Sol.
The court was told that the French authorities would bring a series of fraud char-ges against Templeton, including allegations that he had told expatriates living in the South-west of France that he was a finan-cial adviser who would inv-est their money in a five-year savings bond giving a 15 per cent return.
The hearing was told that none of the investors saw their money again after he countersigned the cheques and paid them into his own account.
At a court hearing in Bordeaux, a judge ordered that Templeton should be rel-eased on bail despite his history of absconding.
The judge ruled that Templeton could not be detained prior to the hearing because he had no criminal record in France.
He ordered that Templeton, who also goes by the names of Graham Warren and Graham Briggs, should surrender his passport and not leave the country prior to his trial.