“Internet mogul Kim Dotcom said on Thursday he was resigning from his new venture Mega to focus on fighting extradition to the United States and his plans for a New Zealand political party. The 39-year-old, who was arrested when armed New Zealand police involved in the US probe raided his Auckland mansion, confirmed that he had resigned as a director of Mega at an August 29 board meeting. Dotcom said he was still working on development of a web-based music service called Megabox. The extradition case has dragged on in the courts and is subject to numerous appeals, with Dotcom estimating earlier this year that his legal bills could exceed US$50 million.”
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