$6 million returned to Dotcom
Thursday 30 Aug 2012 7:02 a.m.
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.