Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Kim Dotcom resigns Mega directorship

Kim Dotcom resigns Mega directorship

By Paul McBeth

Sept. 4 (BusinessDesk) - Flamboyant internet entrepreneur Kim Dotcom has resigned as a director of his Mega data storage empire to focus on his efforts on fighting extradition to the United States and other projects.

Dotcom resigned as a director of Mega on Aug. 29, and was replaced by Hong Kong-based Bonnie Lam the same day, according to filings to the Companies Office.

Dotcom staged a full-scale global media launch for Mega last year to replace Megaupload, his previous venture which was shut down in a US-led operation that alleged the file-sharing firm and its owners had committed mass copyright infringement and money laundering of more than US$500 million. Tony Lentino and Mathias Ortmann are still on Mega's board.

Mega chief executive Vikram Kumar told BusinessDesk in an emailed statement Dotcom resigned "to be able to focus on the extradition case, an upcoming music website, and to build a political party."

Dotcom doesn't hold any directorships in New Zealand, and has one direct shareholding in RSV Holdings, according to Companies Office filings. His wife, Mona, is a director of Mr KimDotcom Ltd and a director and shareholder in MD Corporate Trustee Ltd, the biggest shareholder in Mega.

Earlier this week Dotcom told followers on Twitter he planned to launch a political party in New Zealand, with the next election likely to be near the end of next year, and has previously signalled plans for web-based music service called Megabox.

Dotcom and his co-accused Finn Batato, Mathias Ortmann and Bram van der Kolk have taken their case to the Supreme Court, seeking access to evidence in the US Federal government's case to extradite them, and are awaiting a decision.

The District and High Courts upheld their request for a trimmed down disclosure, though that was overturned in the Court of Appeal earlier this year.

Dotcom's high profile arrest in January last year led to an overhaul of New Zealand's external spy agency, the Government Communications Security Bureau, after the intelligence unit unlawfully intercepted his communications. At the time of the surveillance, the GCSB wasn't allowed to spy on New Zealand residents and Dotcom had been granted residency.

The government has since tweaked the law governing the spy agency, allowing it to act on behalf of the domestic spy agency, the Security Intelligence Service, the police or the Defence Force.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fossils: Ancient Penguins Lived Alongside Dinosaurs?

Penguins are much older than previously thought and their evolution probably dates back to the days of the dinosaurs, according to research on the fossilised leg bone and toes of a giant ancient penguin found in rocks near Waipara, North Canterbury. More>>

No Voda/Sky: Commission Declines Clearance For Merger

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand. More>>

ALSO:

EARLIER:

Power: IEA Report On New Zealand's Energy System

Outside of its largely low-carbon power sector, managing the economy’s energy intensity and greenhouse gas emissions while still remaining competitive and growing remains a challenge. More>>

ALSO:

NASA: Seven Earth-Size Planets Around A Single Star

NASA's Spitzer Space Telescope has revealed the first known system of seven Earth-size planets around a single star. Three of these planets are firmly located in the habitable zone, the area around the parent star where a rocky planet is most likely to have liquid water. More>>

ALSO:

Auckland Transport Case: Men Guilty Of Corruption And Bribery Will Spend Time In Jail

Two men who were found guilty of corruption and bribery in a Serious Fraud Office (SFO) trial have been sentenced in the Auckland High Court today... The pair are guilty of corruption and bribery offences relating to more than $1 million of bribes which took place between 2005 and 2013 at Rodney District Council and Auckland Transport. More>>

ALSO:

Hager Raid: Westpac Wrong To Release Bank Records To Police

The Privacy Commissioner has censured Westpac Banking Corp for releasing without a court order more than 10 months of bank records belonging to the political activist and journalist Nicky Hager during a police investigation into leaked information published in Hager's 2014 pre-election book, 'Dirty Politics'. More>>

ALSO:

EARLIER:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news