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The Basic Court in Podgorica has again approved the request of Do Kwon, co-founder of Terraforms Labs and the collapsed Terra-Luna ecosystem, to be released on $430,000 bail.
The new development comes less than two weeks after a higher court in Podgorica accepted prosecutors’ appeal against a lower court’s decision to release Kwon as he stands trial for document forgery charges. Is.
Kwon’s bail application is again approved
according to a official statement The new decision, by the Basic Court of Podgorica, considered all the reasons for quashing the initial decision. Quan and Han Chong-joon, his associate, will each be released on $430,000 bail and held in custody in an apartment that will be monitored by police.
The Basic Court made a preliminary ruling in mid-May, after Kwon’s defense attorneys offered to release the co-founder and his aide from custody and to visit the court periodically during the trial. Detained at the given address.
Prosecutors opposed the motion because Kwon and Joon had no solid reason to remain in Montenegro by the next hearing date, which was set for 16 June. He eventually appealed the decision to the High Court, where it was overturned. Kwon and Joon were deemed to remain in jail until the court proceedings were over.
“In making this decision, the court took into account the evidence provided by their defense counsel on the defendants’ financial situation, the seriousness of the criminal offense of which the defendants are reasonably suspected, their personal and family circumstances, as well as the availability of bail.” financial status of the persons providing and the opinion of the representative of the prosecution,” the Basic Court said.
quon is awaiting extradition
While Kwon and his aide remain under house arrest, the court intends to verify the authenticity of travel documents and identity cards found in their possession when they were apprehended at Podgorica airport.
Kwon has pleaded not guilty to the charge of falsifying documents. The international fugitive had been on the run for months before his arrest and was caught trying to flee on a private plane to Dubai. If convicted, he could face a maximum sentence of five years in prison beginning in June.
Montenegrin authorities have said that criminal proceedings in the country must end before Quan can be extradited to the US or South Korea to face law for the collapse of the Terra ecosystem.
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[ad_1]
The Basic Court in Podgorica has again approved the request of Do Kwon, co-founder of Terraforms Labs and the collapsed Terra-Luna ecosystem, to be released on $430,000 bail.
The new development comes less than two weeks after a higher court in Podgorica accepted prosecutors’ appeal against a lower court’s decision to release Kwon as he stands trial for document forgery charges. Is.
Kwon’s bail application is again approved
according to a official statement The new decision, by the Basic Court of Podgorica, considered all the reasons for quashing the initial decision. Quan and Han Chong-joon, his associate, will each be released on $430,000 bail and held in custody in an apartment that will be monitored by police.
The Basic Court made a preliminary ruling in mid-May, after Kwon’s defense attorneys offered to release the co-founder and his aide from custody and to visit the court periodically during the trial. Detained at the given address.
Prosecutors opposed the motion because Kwon and Joon had no solid reason to remain in Montenegro by the next hearing date, which was set for 16 June. He eventually appealed the decision to the High Court, where it was overturned. Kwon and Joon were deemed to remain in jail until the court proceedings were over.
“In making this decision, the court took into account the evidence provided by their defense counsel on the defendants’ financial situation, the seriousness of the criminal offense of which the defendants are reasonably suspected, their personal and family circumstances, as well as the availability of bail.” financial status of the persons providing and the opinion of the representative of the prosecution,” the Basic Court said.
quon is awaiting extradition
While Kwon and his aide remain under house arrest, the court intends to verify the authenticity of travel documents and identity cards found in their possession when they were apprehended at Podgorica airport.
Kwon has pleaded not guilty to the charge of falsifying documents. The international fugitive had been on the run for months before his arrest and was caught trying to flee on a private plane to Dubai. If convicted, he could face a maximum sentence of five years in prison beginning in June.
Montenegrin authorities have said that criminal proceedings in the country must end before Quan can be extradited to the US or South Korea to face law for the collapse of the Terra ecosystem.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
