Do Kwon, the co-founder of Terraform Labs, who has been residing in Montenegro since his arrest in March 2023, is reportedly set to be extradited to the US to face costs associated to monetary fraud.
The choice comes after the Podgorica Excessive Court docket introduced that it’s going to honor the US prosecution’s request to strive Do Kwon for legal offenses dedicated within the subject of economic operations.
Montenegrin Court docket Rejects South Korea’s Extradition Request
The Montenegrin information outlet Pobjeda reported on Wednesday that the court docket rejected South Korea’s extradition request, paving the best way for Do Kwon’s extradition to the US.
The Court docket of Attraction intervened and directed the Excessive Court docket to find out whether or not Do Kwon ought to be extradited to South Korea or the US, as requested by the respective nations.
Beforehand, the Excessive Court docket had acknowledged that the situations for Do Kwon’s extradition had been glad and left the choice to the Minister of Justice, Andrej Milović, to prioritize the requesting nations.
Nonetheless, the Court docket of Attraction clarified that the minister’s position is proscribed to common extradition proceedings, and since Do Kwon had consented to extradition in an expedited process, the choice rests with the nations in search of his extradition.
Goran Rodić, Do Kwon’s protection legal professional, argued that authorized causes, together with the European Conference on Extradition, the bilateral settlement with the US, and the Montenegrin Regulation on Worldwide Authorized Help, strongly help Do Kwon’s extradition to South Korea.
In distinction, Justice Minister Andrej Milović said that the choice is political, emphasizing the significance of the US as Montenegro’s foremost overseas coverage associate.
Milović expressed intentions to expedite the signing of a bilateral extradition settlement with the US to ascertain a authorized framework for future extraditions.
Extradition Looms For Do Kwon
Do Kwon and his affiliate Hon Chand Jun had been apprehended on March 23 final yr at Podgorica airport whereas trying to journey to Dubai utilizing counterfeit Costa Rican passports. Subsequently, Belgian journey paperwork had been additionally found of their possession.
In the course of the court docket proceedings on the Fundamental Court docket in Podgorica for doc falsification costs, Do Kwon and Hon Chand Jun claimed that that they had acquired Costa Rican and Belgian passports by way of an company in Singapore and had used them for worldwide journey. They argued that they had been unaware of any discrepancies within the passports’ authenticity on the time of acquisition.
Do Kwon talked about that shortly after receiving the Belgian passports, he and his affiliate realized the inaccuracies within the names and dates of delivery, rendering them unusable.
The Terraform Labs’ co-founder additional defined that that they had initially sought Granada passports alongside the Belgian ones, however their utility was denied. Consequently, they positioned belief within the company as a result of profitable approval of their Costa Rican passport utility.
Hon Chand Jun was extradited to South Korea ten days in the past, whereas Do Kwon is awaiting extradition to the US, the date of which has not been disclosed by the officers overseeing the case.
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