Victor Roy appeared in court this morning after he was found guilty of the charges, which relate to money from the European Development Fund.
The grant, signed a decade ago, was designed to fund a series of renewable energy projects on small islands in Vanuatu.
But the generators were deficient, power poles were defective, and several promised projects were never delivered.
A Commission of Inquiry found it was tainted by incompetence, cronyism and corruption at nearly every level and US$875,000 is still unaccounted for.
