- Do Kwon has reportedly been indicted in Montenegro for forging his authorized paperwork.
- Prosecutors within the nation’s capital have additionally indicted the Terraform Labs co-founder’s affiliate Han Chang-jun.
- The prosecutors are in search of an extension on the detention of Kwon and his affiliate.
- The indictment comes virtually one month after the Terraform Labs co-founder was arrested.
Do Kwon, the Terraform Labs co-founder who was on the run from legislation enforcement companies until final month, has reportedly been indicted in Montenegro for forging his journey paperwork. The indictment comes greater than three weeks after Kwon was arrested in Podgorica airport whereas trying to flee the nation.
Prosecutors Ask Court docket To Prolong Do Kwon’s Detention
In keeping with a report by South Korea’s Block Media, native prosecutors within the State of Podgorica have issued indictments to Do Kwon and Han Chang-jun, the previous Chief Monetary Officer of Terraform Labs. As per the paperwork submitted within the Montenegrin Primary Court docket, the prosecutor’s Workplace of the State of Podgorica intends to prosecute the Terraform Labs co-founder and his affiliate for making and utilizing a false passport and different identification paperwork.
The courtroom submitting additional revealed that prosecutors have been in search of an extension on the detention of Kwon and his affiliate. The choice on the extension is predicted earlier than April 23, which is when the preliminary 30-day detention of the Terraform Labs executives will finish. If convicted, the duo might get a jail sentence of as much as 5 years. In the meantime, South Korean authorities have tried to arrest Shin Hyun-Seong aka Daniel Shin, one other co-founder of Terraform Labs. Nonetheless, Seoul Southern District Court docket has refused to problem an arrest warrant.
Do Kwon was arrested on March 23 at Podgorica airport after he tried to board a non-public aircraft to Dubai utilizing a pretend Costa Rican passport. His arrest put an finish to the months-long manhunt that concerned a number of legislation enforcement companies, together with Interpol. The USA and South Korea have sought Kwon’s extradition to prosecute him for his position within the collapse of Terra final 12 months. Nonetheless, Montenegro’s Justice Minister has clarified that Do Kwon should face prosecution in Montenegro earlier than he could be extradited.