Terraform Labs CEO Do Kwon Faces Extradition to South Korea

According to a report revealed by AFP, Do Kwon, CEO of Terraform Labs, has been charged with doc forgery in Montenegro. Kwon was arrested on the Podgorica airport whereas touring with pretend documentation. South Korean prosecutors have mentioned the Terra co-founder faces extradition to South Korea.

Montenegro Police’s Account of the Falsified Travel Documents Found in Kwon’s Possession

Terraform Labs co-founder and CEO Do Kwon, also called Kwon Do-hyung, was arrested on Thursday in Montenegro, a mountainous nation situated in South Eastern Europe on the Balkan Peninsula. The information was first disclosed on March 23 by Montenegro’s inside minister Filip Adzic who defined Kwon was apprehended on the Podgorica airport bearing phony identification paperwork.

According to a report revealed by the AFP on Friday, Kwon is now being charged with forgery in Montenegro. Kwon was additionally touring with an unknown companion who was additionally taken into custody. “A criminal complaint was filed against both persons for the criminal offense of document forgery,” Montenegro’s police detailed. In addition to forgery costs, prosecutors wish to detain Kwon for 30 days as he ostensibly denied his identification paperwork have been cast.

As the Minister of Interior @filip_adzic, introduced earlier in the present day, two residents, Kwon Do Hyeong and Hon Chang Joon, have been apprehended and delivered to the Basic State Prosecutor's Office in Podgorica, on legal costs for the legal offense of doc forgery beneath (1/3) pic.twitter.com/iS0rRs2Fwv

— mupCG (@MupCg) March 23, 2023

Further, Kim Hee-kyung, a spokeswoman for the Seoul Southern District Prosecutors’ Office instructed AFP that the federal government wish to see Kwon extradited again to South Korea. “South Korean prosecutors will take steps to repatriate Kwon Do-hyung. We are working on the process,” the spokeswoman defined. Kwon additionally faces quite a few lawsuits within the United States together with a latest lawsuit that was initiated by the U.S. Securities and Exchange Commission.

Montenegro police famous that Kwon and his companion had “falsified journey” paperwork that derived from Costa Rica and the duo was trying to fly out to Dubai. The police additionally mentioned that upon a baggage inspection, there have been additionally journey paperwork from South Korea and Belgium. Montenegro’s inside ministry mentioned that Kwon’s Belgium identification was additionally cast paperwork. The title of Kwon’s touring companion has not but been disclosed.

What do you consider Do Kwon getting arrested in Montenegro after getting caught with falsified journey paperwork? Share your ideas about this topic within the feedback part beneath.