Kim Dotcom denied bail
Alleged internet pirating millionaire Kim Dotcom will remain in custody after a bail bid was refused this morning.
North Shore district court judge David McNaughton has just released his reserved decision denying bail to Mr Dotcom. His three associates, Finn Batato, Mathias Ortmann and Bram van der Kolk, will have their bail applications considered today.
Mr Dotcom will remain in custody pending an application by the United States government - specifically the FBI – to have him extradited to face indictments involving about $US500 million of alleged internet piracy, money-laundering and racketeering against the copyrighted film, television and music business.
He has been remanded in custody until February 22.