I'm looking up the same sort of problem for a friend. She has a Sanyo. The problems sound the same but does your standy light flash from amber to red?!?
If so i've found the possible solution, but I've got to research how to do this so I don't know if it will be useful:
"Dead set, standby L.E.D lit
Check capacitor C634 (2n2, 2KV) in power supply for o/c or s/c"
From site: http://www.e-repair.co.uk/tips.htm
Hope that helped :)
Mark
October 2008