Failed tycoon James Henry Ting ended more than two years on the run yesterday when he appeared in court charged with false accounting involving $300 million. The former Akai Holdings chairman flew back into Hong Kong by helicopter from Macau on Wednesday and was arrested on arrival. Ting had not been seen in Hong Kong since the collapse of his company which posted a US$1.72 billion (HK$13.4 billion) loss - the biggest in Hong Kong corporate history. His lawyer told the court yesterday he had returned to 'clear his name' and had not returned earlier because he suffered from a bad back. Ting, 52, was charged by the Commercial Crime Bureau and brought to the court yesterday afternoon where he appeared before Magistrate David Dufton. Consumer electronics firm Akai, formerly known as Semi-Tech (Global), owed creditors more than US$1 billion when it was wound up in August 2000. The court heard Ting was said to have dishonestly falsified Semi-Tech's accounts for the year ending January 31, 1999. Government lawyer Richard Turnbull said it was expected that more charges would be laid. Mr Dufton refused Ting's bail because of the serious offence and remanded him in custody until June 2.