Do Kwon's saga in Montenegro continues.
In a recent hearing in Montenegro, Do Kwon, the founder of Terraform Labs, dismissed allegations of knowingly using a forged passport.
As per a news release from South Korean news agency Segye Ilbo on June 17th, Kwon defended himself in the Montenegrin Basic Court by arguing that the alleged forged travel documents, including a Costa Rican passport, were provided to him by third-party agencies.
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During the hearing, the Terraform Labs founder blamed passport agencies for faking his documents. Kwon allegedly trusted in the legitimacy of the papers as he had been using the Costa Rican passport "for years" without any problems.
I got my Costa Rican passport from a Singaporean agency recommended by a friend. My Belgian passport was obtained through another agency.
Despite the prosecutors' attempts to extract more details about the passport-providing agency, Kwon responded vaguely that he could not recall the specifics, only remembering the agency's name was of Chinese origin.
Besides dismissing the passport forgery charges, Do Kwon also denied allegations of making financial contributions to Montenegro's former finance minister and current Europe Now party leader, Milojko Spajić.
Contrary to a report published on June 17th by a news portal Radio Free Europe, Kwon denied establishing contact with Spajić via a letter to Montenegrin officials before the recent elections. Kwon's lawyers were absolute in their client's defense, stating:
This is categorically denied and it is not true.
Following the proceedings, the presiding Judge, Ivana Becić, announced that the verdict on the forgery charges would be released on June 19th, local time. Meanwhile, Kwon will remain under extradition detention for up to six months as the local court evaluates South Korea's extradition plea.
Terraform Labs founder Do Kwon was arrested on March 23rd by Montenegrin law enforcement under accusations of using fake passports to board a private flight from Montenegro to Dubai.
Initially, their attorneys had secured approval for a proposed bail of 400,000 euros ($436,000), but an appeal reversed this decision on May 24th. Subsequently, on June 5th, the appeal was dismissed, and bail was granted for Kwon and his colleague.
The ongoing saga involving Do Kwon and his alleged passport forgery serves as a significant event in the cryptocurrency domain.
