From Torrent Freak:
In 2012, as Megaupload’s servers were being closed down in the U.S. and Dotcom’s New Zealand mansion was being raided by armed police, the entrepreneur’s offices in Hong Kong were being turned over by a reported 100 customs officers.
Under instruction from the U.S. government, HK$330 million (US$42.57m) in assets were seized and have remained restrained in Hong Kong ever since.
In April 2014, Megaupload launched legal action against the Hong Kong government, applying for the restraining order to be set aside while accusing the secretary for justice of procedural failings when the application for seizure was made.
In December 2014 came a breakthrough when a judge in the High Court set aside the restraining order. However, while an almost immediately lock was reapplied to Dotcom’s assets, a revised order granted Dotcom’s legal team the right to contest the asset freeze.
As part of that ongoing process, Dotcom’s lawyers were back in court this week asking for the release of large amounts of funds, the equivalent of US$2.3m to cover legal costs plus US$52,000 per month for his living expenses.
In keeping with argument presented at his recent extradition hearing in New Zealand, Dotcom’s legal team told the Hong Kong court that by restraining his funds and expecting him to mount a defense their client’s hands “were tied behind his back.”
SCMP reports that while Dotcom had a “world-class” legal team in the New Zealand hearing, he had no money left to pay them so had to use “junior lawyers.”…