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Tuesday 23 January 2018

New Zealand Government Sued For Damages By Kim Dotcom

Kim Dotcom, the founder of file-sharing site Megaupload, is suing the New Zealand government for billions of dollars in damages over his arrest in 2012.

The internet entrepreneur is fighting extradition to the US to stand trial for copyright infringement and fraud.

Mr Dotcom says an invalid arrest warrant negated all charges against him.

He is seeking damages for destruction to his business and loss of reputation.

Accountants calculate that the Megaupload group of companies would be worth $10bn (£7.2bn) today, had it not been shut down during the raid.

As he was a 68% shareholder in the business, Mr Dotcom has asked for damages going up to $6.8bn. He is also considering taking similar action against the Hong Kong government.

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