Michael Sean Levitt, 56, appeared in Summary Court Thursday charged with two counts of theft totalling US$515,796.27.
Defence Attorney Prathna Bodden asked that Levitt's bail be revoked and he be remanded to Northward Prison.
Since theft is a charge that may be dealt with in Summary Court or Grand Court, Ms Bodden requested time to take instructions from her client before electing which court he wanted to deal with his matter.
Levitt is accused of stealing US$289,205.22 from a specified bank account, the money being the property of Solomon Harris, a Cayman law firm, between 16 December 2011 and 9 October 2012.
A second charge alleges theft of US$226,591.05 from a different account at the same bank, the money also being the property of Solomon Harris. This theft was said to have taken place between 16 December 2011 and 20 December 2012.
Crown Counsel Michael Snape told the court, "It's quite a large and complex file." He said the charges represented a broad aspect of it.
Chief Magistrate Nova Hall advised all parties that she was acquainted with Levitt "as a fellow Rotarian" and would therefore recuse herself from dealing with his matter. She set 30 April as the next mention date and noted she would not be sitting on that occasion.
Levitt, a Canadian national who resided in George Town, had been on police bail with two sureties who signed for him in the sum of $10,000 each. When he entered to dock on Tuesday, he carried a blue file and a gym bag, which he then took with him when accompanied into the holding cells.