Megaupload Founder Kim Dotcom Released On Bail In New Zealand, Hanged Up With The Condition Not To Use The Internet

Posted on Feb 22 2012 - 7:56am by Editorial Staff

A surprisingly “freed” movement for the Megaupload founder Kim Dotcom who was jailed in New Zealand, has now been freed on bail but is not allowed to use the internet. A little over a month has passed US accused the major internet content hosting website, Megaupload.com of copyright infringement – charging seven individuals, including the site founder and two corporations – Megaupload Limited and Vestor Limited behind it.

A New Zealand judge on what to be said in a very unlikely mode stated that Dotcom had limited funds with him to flee or go into hiding after his main assets had been seized – including the four bank accounts which were discovered lately in the Philippines but later found to be all empty. The part of agreement of Dotcom’s bail was that he was not allowed to use the web; a condition according to his lawyers felt was ridiculous – Dotcom still awaits his extradition hearing, which is expected to be scheduled for March 2nd.

Some recap: The site advertised stating that it is having more than one billion visits to the site, with more than 150 million registered users, 50 million daily visitors and accounting for four percent of the total traffic on the Internet. The estimated harm conduct to copyright holders is well in excess of $500 million. The conspirators allegedly earned more than $175 million in illegal profits through advertising revenue and selling premium memberships.

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Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.