NEW ZEALAND – The New Zealand High Court has unleashed some of Megaupload founder Kim Dotcom’s considerable assets in order to help the contentious entrepreneur cover his legal fees in New Zealand.
The @KimDotcom Twitter account modestly told the world: “BREAKING NEWS: The High Court just ruled the release of restrained assets to cover our legal fees in New Zealand.”
Dotcom has been waging a public social media and legal battle to get his considerable cache of cash, cars and other assets released so that he can cover his legal fees in both New Zealand and the US.
The High Court in Auckland confirmed a decision had been made by Justice Judith Potter, but would not provide details immediately.
The New Zealand Herald reported Dotcom has been given the use of NZ $6m which includes $2.6m for legal fees, $1m for future costs and $1m for rent for his Auckland mansion.
The release of the funds is the second ruling made by Justice Potter in recent months on the matter.
Last March, Justice Potter allowed Dotcom access to more than $750,000 of cash, investments and access to at least two of his fleet of prestige cars. Among that Dotcom was granted a $60,000 per month allowance while he fights the US for his IP and extradition charges in addition to a $20,000 in a monthly living allowance.
Since March he has also had access to a 2011 Mercedes-Benz G55AMG, brandishing the licence plate ‘Police’.
The news came as Dotcom was streaming tweets about his new venture. “The new Mega will offer one-click-encryption of ALL your data transfers, on the fly, easy to use, free of charge, TOTAL PRIVACY!”
And “We are building a massive global network. All non-US hosters will be able to connect servers & bandwidth. Get ready.”