Kim Gets Some Money To Pay His Lawyers
Yesterday he tweeted:
“BREAKING NEWS: The High Court just ruled the release of restrained assets to cover our legal fees in New Zealand.”
The funds are to be secured against a $10 million Government bond.
The High Court also granted Kim to sell some of his previously confiscated luxury cars. The amount of cash Kim owes to his lawyers sums up to $2.6 million, but the figure is expected to go up quickly as his trial goes on.
As for his living costs, Kim’s family of seven requires at least $1 million a year to pay the rent for their estate (valued for about $30 million). Last but not least, the court earlier allowed Kim to have access to $750.000.
On his official website (www.kim.com), he said that when Megaupload was shut down “defendants’ assets” were frozen “leaving no funds to defend a hugely complex case involving petabytes of potential evidence, an untold number of witnesses and a business that spanned the globe”.
“The plan of the US government and New Zealand prosecutors to keep us locked up and from access to a proper legal defense has failed,” he said in an e-mail to Reuters.
“We have a competent legal team that can now operate at full capacity to defend us.”
Just for the fun of it, Dotcom owns a staggering number of 15 cars, among which we find names like a 1959’s Cadillac, a 2008 Rolls Royce Coupe, and a Mercedes E500. As soon as he sells them, the court must decide on how the cash is used.