BREAKING: Do Kwon Found Guilty By Montenegro Court!

On Monday, the Montenegro Basic Court delivered a verdict in the passport forgery case, finding Terra co-founder Do Kwon and former chief financial officer Han Chang-joon guilty. They have been sentenced to four months in jail.

In order to ensure a timely legal process, Montenegro's authorities are expediting their investigations and proceedings. It is expected that Terra co-founder Do Kwon will be extradited to South Korea within the next six months.

Do Kwon Found Guilty By Montenegro Court

During a hearing held on June 19 at the Basic Court, Judge Ivana Becic of Montenegro ruled that Do Kwon and Han Chang-joon had utilized counterfeit Costa Rican passports in an attempt to board a flight to Dubai back in March. Consequently, both individuals have been sentenced to four months in prison, which includes the duration of their custody from March 23 to June 15.

In justifying her decision, the judge briefly provided an explanation for the reduced sentence. Additionally, she informed the dissatisfied party that they have the option to appeal within eight days of receiving the written verdict.

On June 15, the Montenegro High Court granted bail to Do Kwon and Han Chang-joon. However, in response to South Korea's request, the Montenegro High Court ordered extradition custody for a period of up to six months. As a result, both individuals will remain in custody.

Do Kwon and Han Chang-joon stated on June 16 that they were unaware of the fraudulent nature of the passports obtained through the economic citizenship program, as they had used these Costa Rican and Belgian passports for their global travels. Additionally, Terra founder Do Kwon disclosed the process by which he acquired passports in Singapore.

Furthermore, during his testimony before the Special State Prosecutor's Office (SDT) and defense attorneys, Do Kwon clarified that he had not engaged in any financial transactions or meetings with former finance minister Milojko Spajic.

Extradition to South Korea

Goran Rodić, the lawyer representing Do Kwon and Han Chang-joon, emphasized that it is premature to discuss the possibility of their extradition. They intend to lodge a complaint against their detention within 30 days upon receiving the written verdict.

Meanwhile, the Montenegro High Court is actively pursuing the extradition of the two South Korean citizens to their home country, aiming to expedite the extradition process.