Almost a month after Do Kwon’s arrest by Montenegro legislation enforcement, native prosecutors have now indicted the co-founder and CEO of Terraform Labs. The choice to indict Kwon is more likely to delay makes an attempt to extradite him to South Korea and america the place he faces a number of expenses. Native prosecutors have reportedly requested a court docket to increase Kwon and his affiliate’s detention.
Kwon’s Hideout Seized by Native Regulation Enforcement
Prosecutors in Montenegro have reportedly hit Terraform Labs co-founder and CEO Do Kwon with expenses of utilizing a faux passport and different identification paperwork when he tried to flee the Balkan state on March 23, 2023. In line with a DL Information report, Kwon’s indictment is more likely to complicate efforts to extradite him to the U.S. and South Korea the place he faces a number of expenses.
As beforehand reported by Bitcoin.com Information, Kwon and his affiliate Han Chang-Joon have been arrested whereas making an attempt to depart for Dubai through a non-public jet. On the time of his arrest, Kwon was reportedly present in possession of a faux Costa Rican passport.
Earlier than making an attempt to depart Montenegro, Kwon and Han lived in a Belgrade house that was acquired for about $2.2 million by the latter in Sept. 2022. In line with native media reviews, the house the place Kwon is believed to have been holed up for six months was not too long ago seized by native legislation enforcement.
Prosecutors Search Extension of Kwon’s Detention
Following the 2 males’s seize by native legislation enforcement, a Montenegro court docket initially dominated that the duo ought to stay behind bars for 30 days. Nonetheless, as famous within the DL Information report, extra days are more likely to be added if the court docket provides in to the prosecutors’ demand for an extension.
“After the choice on the extension of detention by the court docket, the general public shall be knowledgeable about all out there info concerning this case,” Maja Kosovic, a spokesperson of the court docket reportedly mentioned.
In line with the report, if Kwon and Han are convicted, they’re more likely to be handed jail phrases that vary between three months and 5 years.
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