A U.K. court put fugitive businessman Hamdi Akın Ipek, who is sought by Turkey for his suspected links to the Gülenist Terror Group (FETÖ), on police bail on Thursday, an ordered him to stay at his current address in London while legal proceedings are underway.

The authorities also seized the FETÖ suspect's passport, as a preventative measure to stop him from leaving the country and restrict his movements while an investigation is underway. The court also ordered for his phone to be reachable at all times.

Ipek was captured in May but was later released by court on a bail of 50,000 pounds ($65,000).

The court order comes after the Ankara 4th High Criminal Court filed an extradition request for Ipek in June.

Following an examination of procedures, the London court found that the request submitted by the Turkish Justice Ministry complied with British law. The U.K. Foreign Secretary's office then referred the extradition request to the judiciary.

The court will give its final verdict on Ipek's extradition after a four-day trial in September.

The former Koza Holding head was previously spotted in London, visiting his offices in the city's financial districts The City and Gray's Inn Road. He also uses his office in Temple, in the heart of the city, as his headquarters.

In a previous case, the English High Court rejected Ipek's wish to use up to 3 million pounds of U.K. subsidiary Koza Ltd's money to fund his personal legal expenses in Turkey after an "essential artificiality" was found in the transaction papers of the company.

Ipek's U.K. based private company Koza Ltd reportedly possesses over 60 million pounds ($84.8 million) and is considered one of the main financial backers of the FETÖ.

Ipek, who is currently sought by Turkish authorities over "managing a terror group, financing terrorism, embezzlement and making propaganda for a terror group" left Turkey prior to the seizure of Koza Holding by a court order in Oct. 2015.