Story image

Dotcom vows to repay $500k creditor debt

19 Feb 14

Kiwi creditors have called on Kim Dotcom to pay $500,000 in debt, after watching him live an apparent life of luxury in the public eye.

Amassed since the January 2012 raid on his Coatesville mansion, the internet tycoon has admitted 80 creditors are owed between $69 and $133,916 for a range of work relating to his company Megaupload.

Speaking exclusively to the New Zealand Herald, the founder insisted all payments will be made in full, but claimed at present he cannot access his seized funds.

"I tried to get all those invoices paid,” Dotcom told the newspaper. “When we asked the Government to unseize the funds, they refused.

"My position has always been those creditors should be paid. When Mega is listed my family, which owns the shares, [will] settle those obligations.

"Legally I don't have any obligation to pay anything - but I feel an obligation to pay."

Dotcom claimed he currently isn’t in a position to pay all outstanding debts, and does want not to pay some creditors over others.

Yet with criticism circulating about lavish spending promoting his Good Times music album, Dotcom insisted there is no connection between investor money and money owed.

"I have support from investors,” Dotcom added. “The album was to promote Baboom [a music service he is launching]. “These things have no connection to the debts I have to these people."

Taking to Twitter to respond to creditor calls, Dotcom wrote:


A hands-on guide to Christmas shopping by Santa’s IT elf
Ho, ho, ho! So you’re back again for more inspiration for that hard-to-buy-for person in your life?
Govt commits $15.5m to digital identity research
“With more and more aspects of our lives taking place online it’s critical the government takes a lead to ensure New Zealanders have control of how and who uses their identity information,” says Minister Woods.
Spending on robotic systems and drones will be on the rise in 2019
Robotic systems will be the larger of the two categories throughout the five-year forecast period with worldwide robotics spending forecast to be $103.4 billion in 2019.
Quora's been breached: Users, change your passwords
Quora’s 100 million users are the latest targets in a major data breach, but at least the company has moved quickly to contain it.
Chinese smartphone brands are set to overthrow Samsung
"Top Chinese mobile phone manufacturers boosted their sales across emerging markets in the third quarter of 2018.”
OPPO completes 'world first' 5G multiparty video call
“This is just the beginning. Through 5G, we are creating truly immersive and revolutionary smartphones that will unlock a whole new user experience."
NZ's growing tech sector creates job boom
"New tech roles are highly paid generating new wealth for regional New Zealand and research has found that for every new tech role created 4.9 other support roles are created in a community."
Darksiders III returns for a new generation
Darksiders III is not a very good game because it tries too hard to mimic the gameplay of Dark Souls and games similar to it. If the combat was smoother and the checkpoints were more plentiful, this would have been a much better game than it currently is.