The founder of the filesharing website Megaupload, Kim Dotcom, was granted bail and released on Wednesday -
The founder of the filesharing website Megaupload, Kim Dotcom, was granted bail and released on Wednesday after a New Zealand judge determined that authorities have seized any funds he might have used to flee the country.
Dotcom, who US authorities allege facilitated millions of illegal downloads through his company, has been in custody since his arrest on Jan 20.
Magila Annandale, a spokeswoman for the Ministry of Justice, said the ministry was seeking details on the conditions of Dotcom's release. District courts in New Zealand typically don't require a monetary bond when granting bail.
US authorities claim Megaupload cost movie makers and songwriters some half a billion dollars in lost copyright revenue. They are trying to extradite Dotcom, 28, and three of his colleagues on racketeering charges.
New Zealand authorities have seized millions of dollars in investments and assets owned by Dotcom, including luxury cars and artworks.
North Shore District Court Judge Nevin Dawson found that the German-born Dotcom no longer posed a significant flight risk because, as far as the court was aware, he wasn't hiding any money or assets that could help him flee the country. New Zealand courts had earlier turned down Dotcom's bail application and a subsequent appeal, saying he did pose a flight risk, but Dawson said those decisions were made when details about Dotcom's assets remained unclear.
Read more -
http://www.telegraph.co.uk/technology/internet/9097530/Megaupload-founder-Kim-Dotcom-granted-bail.html
The founder of the filesharing website Megaupload, Kim Dotcom, was granted bail and released on Wednesday after a New Zealand judge determined that authorities have seized any funds he might have used to flee the country.
Dotcom, who US authorities allege facilitated millions of illegal downloads through his company, has been in custody since his arrest on Jan 20.
Magila Annandale, a spokeswoman for the Ministry of Justice, said the ministry was seeking details on the conditions of Dotcom's release. District courts in New Zealand typically don't require a monetary bond when granting bail.
US authorities claim Megaupload cost movie makers and songwriters some half a billion dollars in lost copyright revenue. They are trying to extradite Dotcom, 28, and three of his colleagues on racketeering charges.
New Zealand authorities have seized millions of dollars in investments and assets owned by Dotcom, including luxury cars and artworks.
North Shore District Court Judge Nevin Dawson found that the German-born Dotcom no longer posed a significant flight risk because, as far as the court was aware, he wasn't hiding any money or assets that could help him flee the country. New Zealand courts had earlier turned down Dotcom's bail application and a subsequent appeal, saying he did pose a flight risk, but Dawson said those decisions were made when details about Dotcom's assets remained unclear.
Read more -
http://www.telegraph.co.uk/technology/internet/9097530/Megaupload-founder-Kim-Dotcom-granted-bail.html
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