Terra co-founder Do Kwon and former chief monetary officer Han Chang-joon’s bail request is authorized by the Montenegro High Court, based on sources acquainted with the courtroom proceedings. In addition, the High Court investigation decide dominated that South Korean residents will stay in jail for extradition to South Korea.
Do Kwon Receives Bail, But Remains in Extradition Custody
Montenegro High Court on June 15 rejected Montenegrin prosecutors’ appeal and upheld the decision by Montenegro Basic Court Judge Ivana Becic to simply accept the bail of Terra co-founder Do Kwon and former CTO Han Chang-joon, confirmed courtroom 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 courtroom measures to the bail circumstances. The Basic Court despatched the prosecutors’ enchantment and the passport forgery case information to the Montenegro High Court for judgment.
Montenegro High Court granted bail in order that they will defend themselves towards fees of paperwork forgery. However, Do Kwon and Han Chang-joon will stay behind bars because the High Court decide ordered them to be extradited to South Korea.
The High Court investigating decide 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 acquired a letter from Do Kwon relating to his ties with Spajic, president of the Europe Now political celebration.
The former Finance Minister confirmed that his buddies and the corporate he labored for invested within the Terra venture in 2018, the place he met Do Kwon. However, they misplaced all in the course of the Terra-LUNA disaster, “which is why we had the special satisfaction of reporting him to authorities.” Milojko Spajic additionally has connections with Ethereum co-founder Vitalik Buterin.
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