The ex-CEO of Terra (LUNA), under surveillance for several months in Montenegro, is wanted by several countries. While waiting to find out who from the United States or South Korea will get him back, he will stay 6 more months in the country. An update on an international legal case that is just beginning.
Do Kwon will stay a few more months in Montenegro
As a reminder, the Do Kwon affair has already started in an incredible way since the ex-CEO of Terra has already experienced a ban on bail, then an authorization, then a new ban, while his links with a politician from the Montenegro are questioned. It was finally decided that he would remain in prison along with Terra CFO Hon Chang Joon, who was arrested at the same time.
Meanwhile, his native South Korea, as well as the United States, both made it known that they wanted to repatriate Do Kwon to judge him. It is not known at this stage to which territory the man will be sent. And to take the time to decide, the justice of Montenegro has confirmed that it will keep the defendant for several months, according to a report by local media Radio Slobodna Europa.
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The future of Do Kwon in question
The burdens weighing on Do Kwon are particularly heavy. It is probable that he will first be extradited to South Koreathe local prosecutors apparently having a particularly extensive case file:
“During this period, the Montenegrin court will decide whether or not to extradite Do Kwon to South Korea, which is looking for him on suspicion of fraud. worth $40 billion through cryptocurrencies.»
As a reminder, Do Kwon is retained in Montenegro “only” for a charge of falsification of identity documents. The ex-CEO and Hong Chang Joon had been arrested at an airport while traveling with obviously falsified identity documents. In this context, a new date for trial in the first instance court in Podgorica has been set for June 16.
The issue of Do Kwon links will also be dealt with. with Montenegrin centrist party leader Milojko Spajić, which he allegedly funded. In the midst of parliamentary elections in Montenegro, the case is particularly publicized.
But this is only a drop in the bucket in the face of the accusations hanging over the ex-CEO of Terra. Once tried for the falsification of documents, he will have to face the other more substantial charges of fraud. Will he be held responsible for the $40 billion in losses suffered by investors? The trial promises to be long.
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Source: Radio Slobodna Europa
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Journalist at Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that stem from the blockchain and I like to find the most crispy information to share with you.
Marine Debelloir
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