Former media baron Conrad Black is no longer seeking to return to Canada, following his release from a U.S. jail on bail last month.
He has withdrawn his request to leave the United States while a federal court reviews his fraud convictions, the National Post reported late Thursday.
The U.S. District Court judge reviewing Black's case had requested additional financial documents before considering whether Black would be permitted to leave U.S. territory.
His lawyers said Thursday that they will not be submitting further financial documents, essentially ending their client's bid to travel north of the border.
At his bail hearing, Prosecutor Julie Porter argued that Black should have to stay in the U.S. before an appeals court can look at his 2007 fraud case.
The 65-year-old has reportedly renewed his British passport but remains legally bound to remain in the U.S., after being released from a low-security prison in florida on July 21.
Black had served more than two years of a six-and-a-half-year sentence for fraud and obstruction of justice charges -- the former of which is now under appeal.
He had asked permission to return to Canada because his wife Barbara Amiel suffers from a rare medical condition that would make it difficult for her to live at the home they had been staying at in Palm Beach, Fla.
The business tycoon used to be the sole owner of the $32-million property in Palm Beach, though the title was later transferred to a U.S. investment company. It is presently up for sale.
He still owns a home in Toronto's posh Bridle Path area. But he owes the Internal Revenue Service US$71 million in unpaid taxes, according to a recently-launched complaint south of the border.
Black's friend Roger Hertog posted US$2-million bail to secure his release.
He is due to appear in court next on Sept. 20.
With files from The Canadian Press
