$6 million returned to Dotcom

  • 29/08/2012

By 3 News online staff

Kim Dotcom has had $6 million dollars in seized assets released to him following a High Court ruling yesterday.

The multi-millionaire founder of Megaupload has been fighting for his money and assets since they were frozen by police in January.

The funds were released to allow Dotcom to pay $2.6 million in legal fees as well as $1 million for future costs and $1 million for the rent of his Coatesville residence.

Dotcom wants to purchase the mansion and could legally do so at the end of next month.

A court ruling in late June found that the search warrants used to carry out the January raid on the mansion were invalid.

Dotcom and his three co-accused, Mathias Ortmann, Finn Batato and Bram Van der Kolk, face copyright, racketeering and money laundering charges in the US.

An extradition hearing is scheduled for March next year.

3 News

source: newshub archive