Terra co-founder Do Kwon and former chief monetary officer Han Chang-joon’s bail request is accepted by the Montenegro Excessive Court docket, in line with sources aware of the court docket proceedings. As well as, the Excessive Court docket investigation choose dominated that South Korean residents will stay in jail for extradition to South Korea.
Do Kwon Receives Bail, However Stays in Extradition Custody
Montenegro Excessive Court docket on June 15 rejected Montenegrin prosecutors’ appeal and upheld the decision by Montenegro Primary Court docket Choose Ivana Becic to just accept the bail of Terra co-founder Do Kwon and former CTO Han Chang-joon, confirmed court docket spokesperson Marija Rakovic.
Earlier this month, Montenegro Basic Court approved Do Kwon and Han Chang-joon’s bail of 400,000 Euros ($436,000) every for the second time, including surveillance and different court docket measures to the bail situations. The Primary Court docket despatched the prosecutors’ attraction and the passport forgery case recordsdata to the Montenegro Excessive Court docket for judgment.
Montenegro Excessive Court docket granted bail in order that they’ll defend themselves in opposition to fees of paperwork forgery. Nonetheless, Do Kwon and Han Chang-joon will stay behind bars because the Excessive Court docket choose ordered them to be extradited to South Korea.
The Excessive Court docket investigating choose on the request of South Korea ordered the extradition detention of Do Kwon and Han Chang-joon for six months.
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Terra Founder Political Ties in Montenegro
CoinGape Media reported Do Kwon’s political ties with former Finance Minister Milojko Spajic since 2018. Outgoing Montenegro’s Prime Minister Dritan Abazovic claimed he obtained a letter from Do Kwon concerning his ties with Spajic, president of the Europe Now political get together.
The previous Finance Minister confirmed that his mates and the corporate he labored for invested within the Terra undertaking in 2018, the place he met Do Kwon. Nonetheless, they misplaced all through the Terra-LUNA disaster, “which is why we had the particular satisfaction of reporting him to authorities.” Milojko Spajic additionally has connections with Ethereum co-founder Vitalik Buterin.
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