Dotcom vows to repay $500k creditor debt

closeThis article could be out of date, as it was published 9 months 3 days ago.

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:

 

Follow Us
on Google+
Sponsored

Hilton Auckland

As more and more conferences and events arrive in New Zealand, the opportunity to gain knowledge and build networks becomes better every day. Conferences can be hard work, and there’s nothing like retiring to a nice hotel room at the end of the day to relax and rest. But how do you turn a night in a hotel room into a lesson in building brand loyalty?   Read More →

Android App Review: Vimeo

NetGuide I review a lot of apps that, for one reason or another, aren’t that good. But it’s rare to find one that’s actually irredeemably broken. Video sharing website Vimeo’s app, however, is closer than it should be for an app with such obvious potential.   Read More →

Review: Samsung Gear S

NetGuide It takes something pretty special to stand out from the crowd in the smart wearable space. With new smartwatches and bands launching on a weekly basis, there’s lots of noise and plenty of confusion.   Read More →