The supreme court in Montenegro has decided to extradite Do Kwon to South Korea after March 23.
A significant decision is expected to be rendered after March 23, which could result in the return of Do Kwon, the individual responsible for founding Terraform Labs, from Montenegro to South Korea. During an interview with the media, Kwon’s lawyer revealed this information.
The plot surrounding Kwon’s escape reads like a spy thriller. Until Montenegro’s clutches became tighter around him, he evaded South Korean law authorities for months by hopping from country to country. Han Chang-joon, a key Terra executive, and Kwon were apprehended for attempting to traverse international borders with counterfeit documents. The return of Chang-joon to South Korea from the previous February is an intriguing development.
Kwon isn’t only enjoying a beautiful retreat in Montenegro. As a result of his involvement with the counterfeit papers, he is now serving a four-month sentence. According to Goran Rodic, Kwon’s lawyer, South Korea is likely to be Kwon’s next destination after his time in jail. Rodic claims that everything is in accordance with the evidence at their disposal. Rodic remains tight-lipped on whether Kwon is considering challenging this most recent development.
The United States and South Korea are both interested in Kwon, which adds complexity to the situation. The United States is planning to prosecute him for securities fraud and has its own issues with him. In spite of all this back-and-forth, the courts of Montenegro have taken a firm stand: Kwon will spend the rest of his career in South Korea, not the United States. A year of legal battles, appeals, and high court drama culminated in this ruling; it didn’t appear out of thin air. The major stakes have led to a custody dispute between the United States and South Korea.
On March 7, local media in Montenegro disclosed this decision, suggesting that the extradition saga involving Kwon may have reached its conclusion. The lack of formal papers submitted up to this point means that the precise timing of this extradition is still up in the air. Kwon is still in jail until March 23 for his fake crimes, so it’s likely that nothing will happen before then.
It turns out that South Korea has taken the initiative by involving Interpol to make sure Kwon returns to face the consequences. Kwon isn’t the only one in hot water; Terra co-founder Daniel Shin is also facing accusations of fraud and other charges in his own country’s court system.
Last year, Kwon began his run-in with the Montenegrin authorities after an incident involving an unauthorized passport. Han Chang-Joon, who used to be Terra’s CFO and has already been deported, was with him on this trip. Perhaps because of their deeper relations, Montenegro first looked to be leaning toward sending Kwon to the United States. But then things became complicated when an appeals court sought a retrial, pointing to problems with criminal procedural regulations.
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