Kim Dotcom to sue Hong Kong government
Kim Dotcom (formerly Kim Schmitz) is suing the Hong Kong government over what he says was an illegal raid on his base of operations and freezing of his assets.
Beginning in 2003 Kim Dotcom began calling Hong Kong his business headquarters and he operated there with megaupload.com until January 2011 when he had his home and Hong Kong office raided by police officers. Working under the direction of the United States federal Government (FBI) for allegedly violating copyrights, racketeering and money laundering, the police shut down his website indefinitely and seized all of his assets as well.
"We were in the process of preparing a listing on the Hong Kong stock exchange and the valuation of our company was over $US2 billion. Fortunately, the US government will have to indemnify Hong Kong for any damages awarded to us,” Dotcom as quoted in the South China Morning Post.
Dotcom has already won permission to sue New Zealand in their part in the raid on his home, now he's going through the processes in Hong Kong.
Oddly enough, Dotcom wants to keep and maintain his operations in Hong Kong and expand his new file storage website that he calls mega.com with some new ventures to go along with it. The new offering to go with mega.com will be streaming services that will be called Megabox, Megamovie and and the ad network called Megakey.
In a recent interview with the National Business Review (NPR) Dotcom says the reason of staying in Hong Kong isn’t political in nature but for tax purposes. "It involves some US artists as potential shareholders and they want a more tax-friendly jurisdiction. That's why we looked at Hong Kong and Singapore."
Megaupload.com, which is now shut down by the U.S. federal government, was once the most popular file-hosting site in the world. It began in 2005 and it included video streaming along with its file hosting services. For a long time the defunct file storage site revealed a notice showing it indefinitely seized by the U.S. Department of Justice.
Mega.com was launched back in January of this year, and Dotcom publicly said that any attempts at shutting down the new Mega.com would be insensible. "This is not some kind of finger to the US government or to Hollywood," Dotcom said."…This site is just as legitimate as Dropbox, Box.net and other competitors."