Megaupload founder Kim Dotcom released on bail

US authorities allege that Dotcom facilitated millions of illegal downloads through his company.

Written by Agencies | Wellington | Published: February 22, 2012 6:12 pm

The founder of the file-sharing website Megaupload was released on bail today after a New Zealand judge decided Kim Dotcom lacked means to flee because his funds had been seized.

“I am relieved to go home to see my family,my three little kids and my pregnant wife,” a smiling Dotcom told reporters outside court. “And I hope you understand that that is all I want to say right now.”

US authorities allege Dotcom facilitated millions of illegal downloads through his company,costing movie makers and songwriters some half a billion dollars in lost copyright revenue. He was arrested January 20.

Dotcom was released without any monetary bail bond,which is standard in New Zealand’s district courts. Ministry of Justice officials declined to describe the conditions of his release,saying The Associated Press would need to apply to the judge for that information.

The US is seeking extradition of Dotcom,38,and three of his colleagues on racketeering charges. He confirmed he would be fighting US extradition efforts.

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