Maurice McCreesh of Main Street, Fork Hill in Newry, Co. Down was arrested after he arrived on a ferry from the UK on Saturday morning.
Gardai objected to bail because of seriousness of the charge, but Judge Anthony Halpin agreed to release him under strict conditions.
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They include a 10,000 euro cash lodgement and the surrender of his passport.
He will also have to sign on daily at his local Garda Station and abide by a curfew.
The 37-year-old father of three was remanded in custody with consent to bail and is due back in court later this week.
