Terra Founder Do Kwon Granted Bail by Montenegro Court

Terra Do Kwon

Montenegro Court Approves Bail for Terra Co-founder Do Kwon with Updated Conditions.

Terra co-founder Do Kwon and former chief financial officer Han Chang-joon have been granted bail by the Montenegro Basic Court for the second time. The court approved their request, allowing them to be released from custody.

The bail amount for both individuals is 400,000 Euros ($436,000) each. Montenegro prosecutors now have three days to appeal the court’s decision. This information was confirmed by lawyer Branko Anđelić.

Following the revocation of the earlier bail decision by the Montenegro high court on May 24, the Montenegro Basic Court has once again granted bail to defendants Do Kwon and Han Chang-joon. The new decision allows them to be released so they can defend themselves against charges of falsifying documents. Judge Ivana Becić made this ruling.

As part of the conditions, both individuals are required to stay at the address provided by their lawyer, Branko Anđelić, until the passport forgery case concludes. They must also comply with court summons, be under surveillance, and adhere to other measures imposed by the court.

The Montenegro Basic Court considered several factors when making its decision, including the severity of the criminal offense, the personal and family situations of the defendants, and the financial ability of the individuals providing bail. Additionally, the court will verify the legitimacy of the travel documents and identity cards, as Do Kwon’s lawyer asserts that the Costa Rican passports were obtained legally.

If the defendants attempt to escape or fail to comply with the imposed measures, the court will cancel their bail and the bail amount will be taken by the court. It’s important to note that Do Kwon will be extradited to South Korea or the United States only after he completes his sentence in Montenegro.

Also Read This Related: Montenegro court grants bail to Terra founder Do Kwon for $436k

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Prosecutors Plan to Challenge Court Decision through Appeal

Montenegro prosecutor Haris Šabotić has filed an appeal against the court’s decision regarding the bail of Do Kwon and Han Chang-joon. According to the prosecutors, the bail amount is not enough to prevent the defendants from fleeing, and no additional surveillance measures have been included in the bail conditions.

The Basic Court has given the prosecutors three days to appeal against the new ruling. If they do not appeal within this timeframe, the court will release the defendants on bail with the new conditions.

In the meantime, Do Kwon has enlisted the services of Dentons, the world’s largest law firm, to represent him in the ongoing prosecution and investigation by US federal prosecutors.

Important: This article is intended solely for informational purposes. It should not be considered or relied upon as legal, tax, investment, financial, or any other form of advice.

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  • Asad

    Asad is a dynamic and talented cryptocurrency content author who brings a wealth of knowledge and enthusiasm to every article. With a deep understanding of blockchain technology and a passion for digital assets, Asad's writing is both informative and engaging.

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