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Thursday, 9 March, 2000, 10:20 GMT
Alan Bond released from prison


The disgraced Australian businessman Alan Bond, has been freed from prison in Perth after winning an appeal against the length of his sentence.

Mr Bond became the country's biggest corporate criminal after being convicted in 1997 for his part in defrauding a company of more than a thousand million dollars, and transferring the money into family business interests.

He was released after a court ruling that an extension of his sentence from four to seven years was unlawful.

The Western Australian government says it will appeal against the decision.

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