The Supreme Court of Montenegro Halts Extradition of Do Kwon
The Supreme Court of Montenegro has decided to withhold the extradition of Do Kwon, co-founder of Terraform Labs, to South Korea. This decision was made on March 22 after it was argued that the lower courts did not have the authority to handle this procedure. The Montenegrin Supreme Court will now review a request that challenges the appellate courtโs decision to dismiss an appeal from Kwonโs legal team.
The conflict in this case revolves around the infringement of procedures. It is claimed that the appellate court overstepped its boundaries by overriding the appealed decision, which should have been solely within the jurisdiction of the Montenegrin Supreme Court. As a result, there have been further delays in Kwonโs extradition to South Korea.
Competing Extradition Requests for Do Kwon
Do Kwon, a South Korean national, has been arrested and detained by Montenegrin authorities since March 2023 due to his fake passport. There are currently two conflicting extradition requests for him โ one from the United States and another from South Korea. Each request specifies different charges in courts of different countries. Kwon himself believes that he should be extradited to South Korea instead of the USA.
In the case of the United States, Kwon faces eight felony charges related to alleged fraud in Terraform Labs. These charges were brought against him through two separate indictments in March 2023. On the other hand, in South Korea, he is being prosecuted for fraud and violation of capital market laws. The question of which country will ultimately carry out his extradition remains unresolved.
Other Arrests and Charges
Kwonโs case is part of a larger investigation into Terraform Labs. Han Chang-joon, the former CFO of the company, was also held accountable in Montenegro and was extradited to South Korea in February. It is likely that he will face charges related to the companyโs activities.
In late April 2023, South Korean authorities handed down indictments against several members of Terraform Labs, including co-founder Hyun-Seong Shin. This indicates the extensive nature of the investigation into the company.
Hot Take: Extradition Case of Do Kwon Continues to Face Challenges
The extradition case of Do Kwon has hit another roadblock with the Supreme Court of Montenegro withholding his transfer to South Korea. The conflict over jurisdiction and procedure infringement has added complexity to the case, resulting in delays and legal battles. As Kwon awaits a decision from the Montenegrin Supreme Court, the question of which country will ultimately extradite him remains unanswered.
This case is not only significant for Kwon but also for Terraform Labs as a whole. The investigation into the companyโs activities has led to multiple arrests and indictments, indicating the seriousness of the allegations against them. As the legal proceedings continue, it remains to be seen how this case will unfold and what impact it will have on both Kwon and Terraform Labs.
Sources:
sudovi.me
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