MiscellaneousNews

Kim Dotcom Sues the New Zealand Government for $6.8 billion

LOL! I know the verdict to this one already. 

Kim Dotcom, the founder of file-sharing site Megaupload, is suing the New Zealand government for billions of dollars in damages over his arrest in 2012.

The internet entrepreneur is fighting extradition to the US to stand trial for copyright infringement and fraud.

Mr Dotcom says an invalid arrest warrant negated all charges against him. He is seeking damages for destruction to his business and loss of reputation.

Accountants calculate that the Megaupload group of companies would be worth $10bn (£7.2bn) today, had it not been shut down during the raid.

As he was a 68% shareholder in the business, Mr Dotcom has asked for damages going up to $6.8bn. He is also considering taking similar action against the Hong Kong government.

As stated in documents filed with the High Court, Mr Dotcom is also seeking damages for:

  • all lost business opportunities since 2012
  • his legal costs
  • loss of investments he made to the mansion he was renting
  • his lost opportunity to purchase the mansion
  • loss of reputation

“I cannot be expected to accept all the losses to myself and my family as a result of the action of the New Zealand government,” he told the BBC.

“This should never have happened and they should have known better. And because they made a malicious mistake, there is now a damages case to be answered.”

New Zealand Prime Minister Jacinda Ardern told Radio New Zealand: “This has obviously been an ongoing matter, so no it doesn’t surprise me.”

Source: BBC

 

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