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Dotcom denied bail as US pushes for extradition

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Dotcom denied bail as US pushes for extradition


Megaupload founder, Kim Dotcom, has been refused bail by a court in New Zealand.

The German national, Kim Schmitz, has been accused of Internet piracy and money laundering. He was arrested at the request of the FBI.

The judge claimed Dotcom posed a flight risk, something his lawyer, Paul Davison, denied: “There was no risk whatsoever of Kim Dotcom seeking to leave New Zealand. All his assets have been frozen. All his resources have been taken.”

Dotcom and three others were arrested on Friday when police raided his rented country estate, reputedly the most expensive home in New Zealand.

US authorities claim Dotcom’s file-sharing site earned 135 million euros since 2005 by copying and distributing music, movies and other copyrighted content without permission.

Dotcom claims Megaupload offered online storage and he will fight extradition.

He faces a difficult challenge as New Zealand’s Prime Minister, John Key, says Wellington will work with the US to extradite the 38-year old.

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