Terra founder Do Kwon has been released on bail after a Montenegrin court handling his passport forgery case accepted his 400,000-euro request.
According to an announcement, a Montenegro High Court granted Do Kwon bail after accepting his 400,000-euro request. The decision comes after a previous approval was overturned on May 25.
An official release from the Basic Court in Podgorica stated that an appeal against an earlier bail agreement by the State Prosecutor’s Office was set aside. The decision means that Kwon and his fellow accused, Han Chang-Joon, can await further legal proceedings under house arrest in Montenegro.
The value of their property has complicated the decisions regarding the defendant’s bail request. During the initial bail hearing on May 11, Kwon and Chang-Joon told the court that they had “property worth millions.” A High Court, however, disputed the value, and their bail was revoked. The High Court argued that the lower court could not accept the propert
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