A court decided this morning that a Bill of Indictment should be issued against Bastjan Dalli, who is charged with conspiracy to import cannabis.
The court, presided by Magistrate Miriam Hayman, decided to grant bail to Mr Dalli against a deposit of €24,000 and a personal guarantee of €46,000.
The decision was taken after all witnesses were heard.
A previous request for bail had been turned down.
Mr Dalli was allegedly one of four people arrested when the police intercepted a boat landing what was thought to be drugs at the end of December, The 'drug' actually turned out tobe soap.