year after appearing in court on charges that he masterminded a massive prostitution operation in a club in western Slovenia.
Racman was released on Tuesday after the Higher Court turned down an appeal by the defence, which argued that Racman should not be released from custody, Večer newspaper reported.
The businessman was in detention since November, when he was extradited by Canada after more than a year on the run from Slovenian law enforcement.
The former owner and boss of the Kolosej cinema chain, Racman is the prime suspect in a case known as Marina, named after the club where roughly 400 prostitutes provided sex services to an estimated 150,000 clients over the course of several years.
Proceeds of crime from the operation are estimated at EUR 21 million. The money was allegedly used to finance a range of Racman's other business ventures.
Prostitution is not a crime in Slovenia, but abuse of prostitution is. Racman faces between one and twelve years in prison if found guilty.
He has pleaded not guilty and has maintained that he and his co-defendants had done nothing wrong since there was no coercion involved.
Racman is the subject of several other criminal procedures related to his other business ventures.
