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 Megaupload founder Kim Dotcom granted bail

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Megaupload founder Kim Dotcom granted bail Vide
PostSubject: Megaupload founder Kim Dotcom granted bail   Megaupload founder Kim Dotcom granted bail Icon_minitimeWed Feb 22, 2012 1:23 am
The founder of file-sharing site Megaupload has been granted bail by a New Zealand court.

Megaupload founder Kim Dotcom granted bail 5857250158571300



Kim Dotcom, 38, has been in prison since 20 January at the request of the US authorities.

He faces charges in the US for one of the biggest copyright infringement cases in the country's history.

The site is accused of costing copyright holders more than $500m (£320m) in lost revenue.
Flight risk

North Shore District Court Judge Nevin Dawson overturned two previous rulings that the millionaire, who is a German national, was an "extreme flight risk" because he had the money and connections to get out of the country.

The judge said the risk had diminished because all his funds were seized and no new assets or bank accounts had been uncovered.

http://www.bbc.co.uk/news/business-17122866
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