Terra co-founder Do Kwon and former chief financial officer Han Chang-joon’s bail request is approved by the Montenegro High Court, according to sources familiar with the court proceedings. In addition, the High Court investigation judge ruled that South Korean citizens will remain in prison for extradition to South Korea.
Do Kwon Receives Bail, But Remains in Extradition Custody
Montenegro High Court on June 15 rejected Montenegrin prosecutors’ appeal and upheld the verdict by Montenegro Basic Court Judge Ivana Becic to accept the bail of Terra co-founder Do Kwon and former CTO Han Chang-joon, confirmed court spokesperson Marija Rakovic.
Earlier this month, Montenegro Basic Court approved Do Kwon and Han Chang-joon’s bail of 400,000 Euros ($436,000) each for the second time, adding surveillance and other court measures to the bail conditions. The Basic Court sent the prosecutors’ appeal and the passport forgery case files to the Montenegro High Court for judgment.
Montenegro
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