Kim Dotcom gives $250k to own party

MICHAEL FOX
Last updated 17:03 26/05/2014

Related Links

Kim Dotcom vowed to 'destroy' Banks and Key Dotcom aide backs mogul's story Mona Dotcom stays loyal to ex

Relevant offers

Politics

PhD research highlights unparliamentary language in New Zealand Paula Bennett joins Simon Bridges in race to become deputy PM, both back Bill English Nelson City councillor Matt Lawrey seeks Green Party candidacy Nicky Hager labels Judith Collins 'unfit' to be prime minister Youth Justice age to be raised to 18, Anne Tolley announces How much weight do four National backbenchers hold over who will be the next Prime Minister? 'Surreal' feeling as Rangitaane o Manawatu treaty settlement is completed Pattrick Smellie: Bill English's opportunity to shine John Key to the boardroom: Former PMs earn fortune as directors Texan pens definitive guide to moving to New Zealand

Kim Dotcom has donated $250,000 to the political party he founded.

The Electoral Commission's register of political donations shows Dotcom donated the money to the Internet Party on May 14.

The Internet Party is polling at about 1 per cent, far below the 5 per cent needed to guarantee a seat in Parliament.

However, a deal with the Mana Party is a near certainty. The deal would allow the party to enter Parliament on the coat-tails of Mana leader Hone Harawira should he hold his Te Tai Tokerau electorate.

Dotcom is no stranger to political donations.

ACT MP John Banks is on trial for "transmitting a return of electoral expenses knowing that it is false in a material particular" after a $50,000 donation from Dotcom to his campaign for the Auckland mayoralty in 2010.

The donation was recorded as anonymous though the Crown says Banks knew who it was from.

The Electoral Commission rules state that donors who give more than $15,000 to a party must be publicly disclosed in the party's annual return of donations.

Parties must also make an immediate disclosure if a donor gives more than $30,000 in a 12-month period.

Internet entrepreneur Dotcom, who was granted permanent residence in New Zealand in 2010, officially launched the Internet Party on March 27.

Ad Feedback

- Stuff

Special offers
Opinion poll

Should the speed limit be raised to 110kmh on some roads?

Yes

No

Vote Result

Related story: 110kmh limit moves closer

Featured Promotions

Sponsored Content