A WITNESS who said he was afraid to testify against tycoon Albert Yeung Sau-shing denied he had demanded $30 million from the Emperor boss to remain silent. Michael Lam Yih-jiun, 33, appeared in Western Court before magistrate Paul Kelly yesterday for contempt of court after refusing to answer questions in May during Yeung's trial on charges of criminal intimidation and false imprisonment. The magistrate acquitted Yeung on the charges after ruling the tycoon had no case to answer because all five witnesses, including forex dealer Lam, claimed to have suffered 'memory loss'. Yeung is on trial before magistrate Jonathan Acton-Bond, also at Western Court, for attempting to pervert the course of public justice. He is accused of instructing a business associate to approach Lam's employer to pressure him into not giving evidence. It is claimed Lam demanded $30 million from Yeung in return for him and the other two witnesses to withhold evidence in the intimidation case. It is part of Yeung's defence that Lam passed the message to the tycoon through a vice-president of Emperor International Futures last December. Yesterday, James Chandler, representing Lam, asked Mr Kelly to put on record that his client denied the allegation, which was made in his absence. The forex dealer is facing a legal battle which may drag on for years over whether the Magistrate's Ordinance cuts across the Bill of Rights. This hearing has been fixed for November 27. Under a breach of the ordinance, if it is proved he refused to answer questions without reasonable excuse, Lam may be sent to prison for 12 months or fined $5,000.