A Montenegrin excessive courtroom in Podgorica has revoked Terraform Labs co-founder Do Kwon’s bail.
In response to a Could 24 Bloomberg report, a spokeswoman for the courtroom Marija Rakovic mentioned the courtroom determination additionally impacts the corporate’s former CFO, Han Chong-Joon. Which means Kwon and Chong-Joon would stay in jail till their trial.
Following this ruling, the decrease courtroom has to make a brand new determination regarding Kwon’s case. Rakovic reportedly said:
“The Primary courtroom ought to now make one other determination, taking into consideration what the Excessive Court docket dominated.”
Kwon and Chong-joon had been arrested in Montenegro whereas attempting to fly to Dubai in March. On the time, the Montenegrin authorities claimed their Belgian and Costa Rican passports had been solid. Kwon pleaded not responsible.
On Could 12, Kwon and his CFO had been granted bail. Nevertheless, Montenegrin prosecutors opposed this ruling as a result of the defendants had the means to flee the nation and had no real interest in staying behind.
Kwon faces criminal charges in South Korea and the U.S. Any doable extradition to both nation would depend upon the result of the solid paperwork costs towards him in Montenegro.
The publish Montenegrin court revokes Do Kwon’s bail appeared first on CryptoSlate.
Discussion about this post