January 14, 2014 - 10:56 AMT
Dotcom launching political party in New Zealand

Indicted Internet entrepreneur Kim Dotcom said he's launching a political party in his adopted home of New Zealand to contest the country's general election this year, the Associated Press reports.

In an interview with the AP, Dotcom said he is founding and funding the party but will not be a candidate. Born Kim Schmitz in Germany, the 39-year-old is a New Zealand resident but not a citizen and cannot be a candidate under New Zealand law.

Dotcom says he will launch the party Monday, Jan 20, the second anniversary of when police stormed his mansion and arrested him. Authorities at that time also shut down Megaupload, the popular file-sharing site he founded.

U.S. prosecutors accuse Dotcom of facilitating Internet piracy. Charged with racketeering and money laundering, he's fighting U.S. attempts to extradite him.