The presidency made the decision in compliance with its powers, the Croat member of the presidency, Zeljko Komsic, told reporters in Sarajevo, but he declined to give any more details.
Rupcic and other indictees in the Hercegovacka Banka case, including a former Croat member of the Bosnian Presidency, Ante Jelavic, were found guilty of embezzling millions of euros which Croatia had sent via the bank to Bosnia's Croatian Defence Council and civilian victims of the war in Bosnia.
Rupcic and former defence minister of the Bosnian Croat-Muslim Federation, Miroslav Prce were convicted and were given five-year-long imprisonments.
The prime defendant Ante Jelavic has been on the run since the first-instance court sentenced him to ten years in jail.
Prce is serving his sentence in the Kula prison outside Sarajevo.