Michael Fole, a former manager at now-defunct Marfin Popular (or Laiki) Bank who had been wanted by Cypriot authorities, was extradited by Romania on Tuesday.
He is suspected of having played a part in the payment of €1 million bribe by Focus Maritime, an offshore company held by Greek ship-owner Michalis Zolotas, to former governor of the Central Bank of Cyprus Christodoulos Christodoulou.
Fole was arrested last month after Cypriot authorities secured a European warrant for his arrest in connection with the Focus case.
Zolotas is considered to have been acting on behalf of Andreas Vgenopoulos, the Greek financier who controlled Laiki from 2006 to its nationalisation in 2012, months before it was wound down.
Fole’s name has also been linked to suspected illicit transfers made on Vgenopoulos’ instructions.
Vgenopoulos, also on the charge sheet, died earlier this month.
On Wednesday, Fole is expected to be brought before a judge for a remand order.