Man refused bail over cold case murders

A man accused of organising the murder of his former wife and her millionaire brother in Sydney 25 years ago has been denied bail for a third time.

Mark Richard Caleo, 52, has been charged over the alleged double murder of his former wife Rita Caleo and her brother Dr Michael Chye.

Caleo, who appeared via videolink from prison, was denied bail at the Supreme Court on Thursday, after two earlier bids failed in March and February.