Internet mogul Kim Dotcom and owner of the phoenix like, MEGA, the spiritual successor to Megaupload, has announced that he is stepping down as the company's director, in order to focus more on his impending extradition trial, which could potentially see him booted out of New Zealand and sent to the US to face copyright infringement charges.

Dotcom's replacement has already been found: Hong Kong based Bonnie Lam, though both MEGA board members Tony Lentino and Mathias Ortmann (the latter of whom is also facing potential extradition) will remain in their positions.

However, while Dotcom will no longer be directly in charge of affiliated with MEGA, he will still retain some measure of power in the organisation through his wife, who is the director of MrKimDotcom Ltd and director of MD Corporate Trustee Ltd, the biggest MEGA shareholder.

Commenting on Twitter in his usual fashion, Dotcom stated: “#Mega is in excellent hands. I resigned as Managing Director to focus on my copyright case & a new political party.” He also claimed to be continuing work on his oft-teased music service, Megabox.

KitGuru Says: I wonder if this will stop Dotcom giving out MEGA vouchers when he's beaten at COD by old men?

[Thanks TheAus]

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