CORPUS CHRISTI – A federal judge granted bond for a Mission businessman accused of money laundering and bank fraud.

Luis Carlos Castillo-Cervantes pleaded not guilty to the charges. His attorneys were trying to find a way to get him released.

The U.S. Attorney’s Office came to an agreement with Cervantes’s attorney to let him out on bond. His attorney said it’s not going to be easy.

“The government said that they agreed to lead to a bond of $30 million. So we got to see if we can make that happen,” Ray Thomas said.

Cervantes still remains in federal custody.

The bond agreement came with restrictions. Cervantes has to be monitored now via GPS. Any travel has to be limited to the South Texas Region.

His Mexican and American passports will be held in federal custody.

He has to pay a $300,000 cash deposit.

Cervantes is accused of moving money from a foreign nation to the U.S. He was arrested two weeks ago.

The indictment stated the cash is connected to alleged misappropriation, theft and embezzlement of public funds, by or for, the benefit of a public official and into the U.S.

His attorney, Ricardo Salinas, said he believes the public official mentioned in the indictment isn’t anyone in the Rio Grande Valley.

Cervantes’s trial is set to happen in Corpus Christi in January.