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ExtraTorrent.cc > Articles > Kim Dotcom Fights for His Money Seized in Hong Kong

Kim Dotcom Fights for His Money Seized in Hong Kong

Kim Dotcom Fights for His Money Seized in Hong Kong

Added: Saturday, November 15th, 2014
Category: Recent Headlines Involving File Sharing > Current Events
Tags:ET, p2p, Torrent, Piracy, Peer To Peer, Network, Hackers, Internet, BitTorrent, Google, utorrent, bitcomet, extratorrent, 2013, www.extratorrent.cc
Kim Dotcom loved doing business in Hong Kong, but the local court decided to authorize the seizure of $42 million of Dotcom’s money two years ago. Dotcom continues to fight for his money, arguing that justice officials misled the courts.

Kim Dotcom has a lot of issues in the New Zealand courts. His case has been traversing the legal system for many months. Aside from the main issue of the entrepreneur’s possible extradition to the US, much of the fight has centered on his money. While Dotcom was trying to reclaim his assets, the American content industry has been trying to lock them down in preparation for any future damages payout. The fights are ongoing in New Zealand, the United States and even in Hong Kong, where Dotcom is trying to take back his $42.55m that was seized by local authorities when the well-known MegaUpload hosting service was closed down almost 3 years ago.

It turns out that a hundred of customs officers on the allegations of copyright violation and money laundering raided the MegaUpload chief’s Hong Kong offices. The seized assets are now under a restraining order, which Dotcom argues should be set aside. 6 months ago, MegaUpload launched legal action against the government and accused the secretary for justice of failing to provide a full and frank disclosure of the facts. In other words, they claim that the restraining order should be set aside because the court has misrepresented the true position.

Kim Dotcom claimed that the prosecution deliberately withheld crucial data from the court when applying for the restraining order, for example that MegaUpload couldn’t be served with a criminal complaint in the US.

Just before MegaUpload was shut down, Kim Dotcom spoke warmly of Hong Kong, saying that he could write a whole book about how it’s good to do business in that country. But a few days later, his fate was sealed in a matter of minutes. In just about 6 or 7 minutes, the applicant has dealt with the position of 9 defendants and managed to freeze a massive amount of money.

So, if this case is decided in MegaUpload’s favor, there could be huge implications for Kim Dotcom. Not only could he regain millions of dollars, but he could also be in a position to file a multi-billion dollar civil claim for damages. In January 2012, just before being closed down, MegaUpload was valued at 2 billion dollars.

Posted by:  SuperAdmin
Date:  Saturday, November 15th, 2014

Comments (8) (please add your comment »)

posted by (2014-11-15 13:35:53)
mahtin avatarGood luck, Kim, but here in SE Asia you'll need it.
Consider "Frankie" Shinawatra. Wanted fugitive, ex-PM.

posted by (2014-11-15 20:55:14)
Turbowater avatarOnce your money is seized it's gone even if the charges are dropped. That fat pimple has much to learn.

posted by (2014-11-16 12:50:41)
KingTubby avatarOh i do love o see fat rich people get what's coming to them. Guess he should have been a good little piggy and done what he was told in the first place but like all spoiled rich people, he probably threw a tantrum, stamped his feet & said NO.

posted by ET loverKitty (2014-11-16 20:39:18)
greymongel avatarthis guy is just plain WEIRD !!!

posted by (2014-11-16 21:47:04)
Feniantwo avatarBad luck Kim. Those bandits in Hong Kong won't be giving you any money back. The law is whatever they choose to make it. Who do you think is getting the interest?

posted by (2014-11-17 02:22:34)
No avatarHi guys , I think im addicted to download and use this site . May God bless you and good monday ahead

posted by ET junkieET loverTurtle (2014-11-17 12:19:15)
teethors avatarBye2x kim.... Bye2x money

posted by (2014-11-18 10:40:45)
No avatarMoney? who really gives a rats arse about paper money any how, give me a plantation of durian any day than worthless paper money

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