Frederick Scott Salyer walked out of Sacramento County Main Jail around 6 p.m. after defense lawyers told a federal judge that he had assembled the $6 million in cash and property needed to meet bail.
As a condition of his release, Salyer had to turn over his passport and pilot's license. He'll also be under house arrest at his Pebble Beach estate.
Salyer's release came despite the objections of prosecutors, who argued he's a risk to flee the country.
The 54-year-old Salyer is the former owner and CEO of Monterey-based SK Foods Inc., a grower and distributor of tomato and other agriculture products.
He has pleaded not guilty to charges of bribery, conspiracy, racketeering and obstruction of justice.