Kavo was refused bail since his arrest by police on Wednesday and made his first appearance in court in relation to the second charge on Friday.
He was granted K5, 000 bail by Magistrate Cosmos Bidar.
The second charge against Kavo alleges that he dishonestly applied to his use K783, 195.70 -monies belonging to the state between January 15 and 27, 2015.
His second alleged offense comes after he was granted bail by the Supreme Court on December 23, 2015 on a pervious misappropriation charge.