The German founder of file-sharing website Megaupload has been granted bail by a New Zealand court after a month in custody. Kim Dotcom, who has New Zealand residency, is preparing to fight US extradition hearings over internet-piracy and money-laundering charges. The 38-year-old was arrested on January 20 after about 70 armed New Zealand police raided his country estate at the request of the FBI.
Prosecutors say Dotcom – also known as Kim Schmitz and Kim Tim Jim Vestor – was the ringleader of a group that netted $US175 million ($164 million) since 2005 by copying and distributing music, movies and other copyrighted content without authorisation.Dotcom’s lawyers say the company simply offered online storage and that he strenuously denies the charges. Read the full article »»»»