Terraform Labs Co-Founder Do Kwon Charged with Forgery in Montenegro
Almost
a month after Do Kwon’s arrest by Montenegro Police, prosecutors have now
charged the co-founder and CEO of Terraform Labs with forgery. The decision to charge Kwon
is likely to delay attempts to extradite him to South Korea and the United
States, where he faces several charges. Prosecutors in Montenegro have reportedly asked the court to extend the custody of Kwon and his associate.
Belgrade Hideout Seized by Serbian Police
Prosecutors
in Montenegro have reportedly charged Terraform Labs co-founder and CEO Do
Kwon with forgery for using a fake passport and other identification documents
when he was trying to flee the Balkan state on March 23, 2023. Kwon’s
indictment is likely to complicate efforts to extradite him to the US and South
Korea, where he is facing multiple charges, reports DL News.
Kwon
and his associate Han Chang-Joon were arrested at the Podgorica airport while
trying to leave for Dubai in a private jet. At the time of his arrest, Kwon was
reportedly found in possession of a fake Costa Rican passport.
It
is also reported that Kwon and Han lived in an apartment in Belgrade that was
acquired for about USD 2.2 million by the latter in September 2022. Serbian
media reports have stated that the apartment where Kwon and Han reportedly
lived for six months was recently seized by the Serbian Police.
Prosecutors Seek Extension of Kwon’s Custody
The
Montenegro court initially ruled that both men arrested by the police at Podgorica
airport should remain behind bars for 30 days. But if the court agrees to the
prosecutors’ demand for an extension, more days are likely to be added, DL News
reports.
"After
the court decides on the extension of detention, the public will be informed
about the case," a spokesperson for the court, Maja Kosovic, said.
Upon
conviction by the Montenegro court, Kwon and Han are likely to be handed prison
terms ranging between three months and five years, according to the report.
Both of them could serve a prison term in Montenegro before they can be
extradited to the US or South Korea.
What
is your take on Kwon and Han being charged with forgery? Please post your
comments.
0 Comments