Kim Dotcom's wife axed from companies before split

LAURA WALTERS
Last updated 10:10 19/05/2014
ALONE: Kim Dotcom has five children with Mona.

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Kim Dotcom’s wife was pulled out of directorship roles of three of the Megaupload founder’s New Zealand companies four days before he announced the pair had split but she still controls the family’s stake in mega.co.nz.

On Saturday Dotcom tweeted that he and wife Mona Dotcom had separated.

Signs of the separation were apparent in Companies Office records where Dotcom had taken over as sole director and shareholder of three companies previously controlled by the family trust owned by Mona Dotcom.

Ownership and directorship of Dotty Media, Kimpire Music and MD Corporate Holdings changed from MD Corporate Trustees, owned and directed by Mona Dotcom, to Coatesville Trustee Service, owned and directed by Kim Dotcom on May 13.

However, Mona Dotcom still held the family’s stake in Mega, the company behind Dotcom’s encryption-based cloud storage site Mega.

MD Corporate Trustees holds a 17.73 per cent stake in the company.

National donor Shen Zhao Wu holds the largest stake in the company, owning 18.3 per cent, followed by Wolf Ortmann, who owns 18.2 per cent of Mega.

The separation comes as Mega plans a listing on the New Zealand stock exchange.

In March Mega chief executive Stephen Hall said he hoped Mega would float on the NZX through a "backdoor listing" achieved by a reverse takeover by "penny stock" TRS Investments.

Mega will be valued on paper at $210m under the terms of the transaction, but the real value of the firm will be determined by its share price once trading commences.

Mega was expected to list within the next couple of months.

In his brief Twitter statement Dotcom asked for privacy in relation to the marriage separation and could not be immediately reached for comment.

However, Internet Party spokesman John Mitchell said the separation would not have an impact on the new political party.

There would be “no change whatsoever", in terms of the Internet Party, Mitchell said.

While Kim Dotcom started the political party he had stepped back from the day-to-day management, he said.

Mitchell said Dotcom was not the “face of the party” and he had not been involved in the day-to-day running of the party for some time.

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Meanwhile, Dotcom continues to fight his extradition battle against the US Government in the New Zealand courts.

- Stuff

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