The legal battles surrounding Terra co-founder Do Kwon and former CFO Han Chang-joon have intensified recently, as authorities in Montenegro speed up investigations and legal proceedings. Montenegro is expected to extradite Do Kwon to South Korea within the next six months. In a recent hearing, Do Kwon and Han Chang-joon addressed critical questions about their alleged use of fake passports.
The pair claimed they were unaware that the passports they had obtained through the economic citizenship program were fraudulent and that they had traveled the world using Costa Rican and Belgian passports. An Interpol report suggests that the documents in question are indeed counterfeit. Do Kwon explained he obtained the Costa Rican passport via a Singapore-based agency recommended by a friend. He added that he would never knowingly go to countries with a fake passport.
The Terra co-founder also noted that they had applied for a Granada passport, but this application was rejected. Do Kwon called on the court to spare Han Chang-joon from any charges related to passport forgery, insisting that he wasn’t involved in the process. However, Montenegrin prosecutor Haris Sabotic argued for the convictions of both Do Kwon and Han Chang-joon, claiming that the indictment’s allegations were proven throughout the proceedings. Judge Ivana Becic will announce her decision on June 19.
In other developments, Do Kwon has also denied any involvement in illegal financing of Montenegrin political campaigns. His denial specifically pertains to the Europe Now Movement political party’s alleged campaign financing. Do Kwon maintained that he had no financial transactions or meetings with former finance minister Milojko Spajic, who is also the party’s president.
The controversy arose when outgoing Montenegro Prime Minister Dritan Abazovic claimed he received a letter from Do Kwon regarding potential connections to Spajic. The former Finance Minister conceded that his friends and the company he once worked for did invest in Terra projects in 2018 but added that they lost everything during the Terra-LUNA crisis. Spajic also has connections with Ethereum co-founder Vitalik Buterin.
As the case continues to unfold, it is critical for interested parties and investors to closely monitor the situation and conduct thorough market research before making any investment decisions in cryptocurrencies. This ongoing legal battle serves as a reminder of the complexities and potential risks associated with the blockchain and cryptocurrency industry.
Source: Coingape
