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Megaupload founder granted bail
The founder of file-sharing site Megaupload has been granted bail by a New Zealand court.
Megaupload founder, Kim Dotcom, has been granted bail by a New Zealand court as he is no longer considered a flight risk since his assets had been seized
Kim Dotcom, formerly Kim Schmitz, 38, had been originially denied bail by as German national was considered an "extreme flight risk" because he had the money and connections to get out of the country.
However the judge overturned the ruling as Dotcom's assets had been seized and no new bank accounts had been found.
Dotcom has been in prison since 20 January at the request of the US authorities facing 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 in lost revenue.
On 17 February Dotcom was charged with three new criminal copyright counts and five new wire fraud counts.
That is on top of one count of racketeering, one count of conspiracy to commit money laundering and two counts of criminal copyright infringement charges.
US authorities are seeking to extradite Dotcom, and three other co-defendants who had earlier been granted bail.
Founded in 2005, the site was shut down by authorities last month.
Dotcom has denied any criminal misconduct and has said he will fight extradition to the US.
