| Title | Kim Dotcom Will Have Assets Returned | |
| Date | Thursday April 17 2014, @10:13PM | |
| Author | janrinok | |
| Topic | ||
| from the some-guys-have-all-the-luck dept. | ||
RT reports that
Kim Dotcom can have seized assets returned New Zealand High Court
The New Zealand High Court has ruled that Megaupload founder Kim Dotcom can be reunited with millions of dollars, property, cars, and artwork. It comes after the court denied an application by the Crown to extend the freezing of Dotcom's fortune. The application to continue the freeze on his assets was made on behalf of the United States, which wants to extradite and prosecute Dotcom for money laundering, online piracy, and conspiracy to commit piracy.
Gapes managed to successfully oppose the application by arguing that the original order was made on the back of a criminal jurisdiction prosecution, whereas the extension application was based on a "future action for civil forfeiture." The Criminal Proceeds Act allows extensions only on duration - not on new grounds, said Gapes.
Recording studios and movie labels have recently filed several civil law suits against the internet tycoon in the US. Earlier this month, six major Hollywood studios opened a huge lawsuit against Kim Dotcom and his colleagues. Among them are film giants 20th Century Fox, Disney, and Paramount. He was also sued earlier this month by the Recording Industry Association of America (RIAA), which alleged that he profited massively from the copyright infringement of music.
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printed from SoylentNews, Kim Dotcom Will Have Assets Returned on 2024-04-25 19:24:10