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Tycoon in Taiwan rethink

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Tycoon Lim Por-yen is reconsidering his vow to return to Taiwan - made in the wake of losing his appeal against a bribery conviction.

The 84-year-old chairman of the Lai Sun group and former member of the Beijing-appointed Preparatory Committee failed to go back to the island on Sunday as he had pledged two days before.

A Taiwan High Court judge had rejected his appeal against charges of money laundering and bribing a lands official but reduced his sentence by one year to two years and two months.

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'I'm not worried that I will go to jail. Why do I have to worry about that anyway, I am innocent,' Lim had said.

However, a secretary in his office said yesterday Lim had remained in Hong Kong and could not say whether he would return to Taipei.

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Lai Sun vice-president Veronica Wong Choi-yuk said the chairman had decided not to return on his solicitor's advice.

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