Hong Kong freezes $54 million in Megaupload raids - Straits Times

HONG KONG (AFP) - Hong Kong Customs officers have raided offices, domestic premises and luxury hotel suites as part of a worldwide FBI Internet piracy investigation into file-sharing site Megaupload.com.

One hundred officers took part in the raids Friday which seized a large amount of digital evidence and uncovered about HK$330 million (S$54 million) in suspected crime proceeds, Customs said.

'The assets have been frozen in accordance with related ordinances. The operation is ongoing,' it said in a statement. Officers raided hotel suites costing HK$100,000 a day equipped with high-speed servers and large television screens which were suspected to be connected to the case.

Megaload's website was shut down on Thursday by US authorities who accuse it of one of the largest cases of copyright theft ever. Megaload founder Kim Dotcom, also known as Kim Schmitz, is being held in New Zealand following a police raid there.