MARK Thwaites, former chief operator of the now bankrupt Dyoll Insurance company, had a stop order against him temporarily lifted and his passport returned when he appeared in the Corporate Area Resident Magistrate’s Court yesterday.

Thwaites, whose attorneys, Winston Spaulding, QC, and Linton Walters, QC, asked that his travel documents be returned to allow him to travel on business to North America, had his $1.5 million bail extended until October 13 when he will return to court to answer to four counts of insurance fraud.

Thwaites was arrested in July.

Dyoll’s financial woes began last year when claims from its Cayman Islands clients for damage sustained in Hurricane Ivan last year began inundating the company, which was lacking sufficient reinsurance to cover all the claims.

Mark and his brother Stephen Thwaites, chief executive officer, left the insurance company in February after allegations by the Dyoll Group board that the two brothers had misled company directors.

Two weeks after the Thwaites brothers’ formal resignation, the Financial Services Commission took control of the company and named Ken Tomlinson as temporary manager. Tomlinson then recommended that Dyoll be wound up.