Decision due in Megaupload founder's N.Z. bail bid

Jan 24, 2012

Megaupload founder Kim Dotcom is set to learn Wednesday if he will remain behind bars in New Zealand while US authorities seek his extradition on allegations of massive copyright theft.

The Internet tycoon has been in custody since police raided his Auckland mansion last Friday but vigorously denies any and has applied for bail as US moves to extradite him make their way through the courts.

Judge David McNaughton said on Monday that he would decide "at the very latest by Wednesday morning" whether Dotcom, also known as Kim Schmitz, must remain in custody.

Tuesday passed with no decision from the court.

The German businessman is among seven people indicted by the and FBI accused of "massive worldwide online piracy of numerous types of copyrighted works, through Megaupload.com" and other sites.

They allegedly generated more than $175 million in criminal proceeds and caused more than $500 million in harm to copyright owners by offering pirated copies of movies, TV programmes and other content.

opposed bail earlier this week, labelling Dotcom an "extreme" flight risk who had previously used his fortune to flee to Thailand when wanted on charges in Germany.

His lawyer, Paul Davison, argued that Dotcom had no intention of fleeing if granted bail as he wanted to stay in New Zealand with his pregnant wife and family.

and three associates arrested with him in Auckland do not face charges in New Zealand and following the bail hearing, US authorities have 45 days to formally file documents.

The other three people named in the US indictment remain at large.

Explore further: Ebola.com domain sold for big payout

add to favorites email to friend print save as pdf

Related Stories

Megaupload founder denies piracy, demands release

Jan 23, 2012

Megaupload's detained founder Monday denied wrongdoing after US authorities shut down his file-sharing website, as new details emerged of a rock-star life featuring "fast cars" and "hot girls".

Treasure haul as N.Z. police raid Megaupload guru

Jan 20, 2012

New Zealand police on Friday seized a pink Cadillac and a sawn-off shotgun, and froze millions of dollars in cash, after a raid on the fortified mansion of an Internet guru accused of online piracy.

Hong Kong freezes $42 mln in Megaupload raids

Jan 21, 2012

Hong Kong Customs officers have raided offices, domestic premises and luxury hotel suites as part of a worldwide FBI Internet piracy investigation into file-sharing site Megaupload.com.

US shutdown of sharing site draws hacker retaliation

Jan 20, 2012

US authorities have shut down one of the largest file-sharing websites and charged seven people with copyright crimes, sparking a retaliatory cyber attack on the FBI and Justice Department websites. ...

NZ police raid file-sharing site founder's mansion

Jan 20, 2012

New Zealand police raided several homes and businesses linked to the founder of Megaupload.com, a giant file-sharing site shut down by U.S. authorities, on Friday and seized guns, millions of dollars, and ...

Recommended for you

Ebola.com domain sold for big payout

5 hours ago

The owners of the website Ebola.com have scored a big payday with the outbreak of the epidemic, selling the domain for more than $200,000 in cash and stock.

Facebook goes retro with 'Rooms' chat app

Oct 23, 2014

Facebook on Thursday released an application that lets people create virtual "rooms" to chat about whatever they wish using any name they would like.

User comments : 0