Published Wednesday, 09 October 2013
Mr Maginnis pictured outside the courthouse in August. (© Pacemaker)
Earlier this year Mr Maginnis was found guilty of grabbing Keith Kirk by the arm, swearing and threatening to punch him in Dungannon, Co Tyrone.
The former Ulster Unionist MP was fined £200 but said he would rather go to jail than pay.
However he has now dropped his plans for an appeal, explaining that an anonymous benefactor has come forward insisting on taking the financial penalty for him.
A statement from Ken Maginnis on Wednesday said: "I firmly believe and maintain I have been the victim of a grossly unfair and unnecessary prosecution.
Although I had been prepared to go to prison rather than pay any fine, an anonymous benefactor has insisted on discharging the financial penalty in recognition of 'your many years in support of justice, the police and the Courts'.
"However, on the advice of my lawyers, I have decided not to proceed with my appeal which, however justified, will only serve to highlight a case that has already received disproportionate attention and has become a distraction to my work which has always been in total support of the proper and fair administration of justice."
The case was heard at Dungannon Magistrates Court back in August.
The prosecution claimed that 75-year-old Mr Maginnis, of Park Lane in the town, pulled out in front of Mr Kirk's car on Park Road and that this was the match that lit the fuse.
There was a verbal confrontation, during which he subjected the 21-year-old to verbal abuse, grabbed him, forming a fist with his hand and tried to hit him, the prosecution continued.
However, the defence accused Mr Kirk of making the context up - stating that Lord Maginnis had stopped to let a car out when Mr Kirk approached from behind him blaring the car horn.
District Judge John Meehan said he was satisfied the prosecution had proved the case beyond reasonable doubt. He fined Lord Maginnis £200 plus a further £200 in compensation.
Outside court, the peer said he had already lodged an appeal.
"I am obviously not letting it rest here," he said. "One might say: What's a couple of hundred pounds?' But this is my reputation. And I am appealing it, I can assure you I am appealing it."
© UTV News