2 years ago
A Montenegrin precocious tribunal successful Podgorica has revoked Terraform Labs co-founder Do Kwon’s bail.
According to a May 24 Bloomberg report, a spokeswoman for the tribunal Marija Rakovic said the tribunal determination besides affects the company’s erstwhile CFO, Han Chong-Joon. This means that Kwon and Chong-Joon would stay successful jailhouse until their trial.
Following this ruling, the little tribunal has to marque a caller determination concerning Kwon’s case. Rakovic reportedly said:
“The Basic tribunal should present marque different decision, taking into relationship what the High Court ruled.”
Kwon and Chong-joon were arrested successful Montenegro portion trying to alert to Dubai successful March. At the time, the Montenegrin authorities claimed their Belgian and Costa Rican passports were forged. Kwon pleaded not guilty.
On May 12, Kwon and his CFO were granted bail. However, Montenegrin prosecutors opposed this ruling due to the fact that the defendants had the means to flight the state and had nary involvement successful staying behind.
Kwon faces criminal charges successful South Korea and the U.S. Any imaginable extradition to either state would beryllium connected the result of the forged documents charges against him successful Montenegro.
The station Montenegrin tribunal revokes Do Kwon’s bail appeared archetypal connected CryptoSlate.
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