Sebastian 'Seb' Monsour, the brother-in-law of former Queensland premier Campbell Newman, has been granted bail and ordered to surrender his passport after he faced a Brisbane court over an alleged $5 million fraud.
In Brisbane's Magistrates Court on Friday, Mr Monsour was also told not to have any contact with the alleged victim and to report to police once a week.
The 44-year-old was arrested yesterday, with police accusing him of misusing money provided by a Chinese investor to his property development company.
Mr Monsour was held in custody overnight at the Brisbane watch house.
Mr Newman said he had never had any business dealings with Mr Monsour.
Outside court, Mr Monsour's lawyer, Nick Dore, said his client would be pleading not guilty.
"He'll obviously be contesting the charges and denies any criminality in relation to anything," Mr Dore said.
"He's looking forward to leaving the watch house and getting home to be with his family."
The matter returns to court on July 18.
