Thursday, August 30, 2012

NZ court allows Kim Dotcom to take out $4.8 million in loans for legal bills

NZ court allows Kim Dotcom to take out $4.8 million in loans for legal bills:
On Wednesday, the New Zealand High Court ruled that Kim Dotcom, the founder of Megaupload, will be allowed to take out a $4.8 million loan to pay the corporation’s legal bills and rent on Dotcom's mansion.
Dotcom holds NZ$10 million (US$8 million) in local government bonds—required of him to obtain permanent residency in New Zealand—which were previously frozen, but will be held as collateral. He currently faces multiple federal charges in the United States of copyright infringement, conspiracy and money laundering. The German entrepreneur has denied all charges.
"Let's get together, let's all unite, or they will do whatever they like," Dotcom wrote on Twitter.
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