Kim Dotcom Attempts To Regain Assets

As reported by the Herald Sun yesterday, Megaupload founder Kim Dotcom will try and regain control of his assets in a New Zealand court next week after millions were seized in raids last month. Papers have been filed in the Auckland High Court which say the freezing orders used to seize Dotcom's fortune have gone too far and the money should be returned.

Dotcom's lawyer, Paul Davison, stated his client was disappointed with the outcome of Friday's High Court bail hearing, which challenged a North Shore District Court decision to keep him in custody. You can watch a video of Dotcom appealing for bail below, thanks to The Telegraph.

Dotcom and three other men were arrested on January 20th after Dotcom's $30 million rented mansion in Coatesville in New Zealand was raided. More than $10 million from financial institutions, and assets, including luxury cars worth $6 million and expensive art works, were seized. The men face charges in the US of racketeering, copyright infringement and money laundering. Extradition papers are expected to be filed on February 22nd.

Bail has been granted to two of Dotcom's co-accused, Finn Batato, 38, of Germany, and Dutch national Bram van der Kolk, 29, who holds New Zealand residency.

Listen to DJ mixes on Pulse Radio