Montenegro’s Supreme Court docket has intervened in Do Kwon’s extradition to South Korea, placing the method on maintain indefinitely, in accordance with a March 22 translation of the Court docket discover.
The Court docket stated it overturned earlier choices from two decrease courts that had greenlit Kwon’s extradition to South Korea due to the Supreme State Prosecutor’s Workplace’s request.
Consequently, Kwon’s extradition course of to South Korea would stay suspended “till a call is made on the submitted request for the safety of legality.”
The Supreme Court docket Council stated the ruling was in keeping with its powers “to postpone or cease the execution of the ultimate court docket choice.”
Extradition battle
On March 21, Montenegro’s Supreme State Prosecutor’s Workplace contested the choice of the Excessive Court docket of Podgorica and Appellate Court docket to extradite the Terraform Labs co-founder to South Korea as a substitute of the US.
The prosecutor’s workplace asserted that the Excessive Court docket overstepped its authority by conducting a hasty authorized course of in reaching the choice, which ought to have fallen beneath the jurisdiction of the Ministry of Justice.
Moreover, the prosecutor’s workplace criticized the Appellate Court docket for neglecting to think about the state prosecutor’s place within the attraction course of, which upheld Kwon’s extradition to South Korea.
Over the previous yr, Kwon has been in Montenegrin custody following his arrest and imprisonment for trying to make use of pretend journey paperwork within the Balkan nation.
Since then, South Korea and the USA have been competing to convey Kwon to their shores to reply for his position within the collapse of the Terra ecosystem in 2022.
Within the US, the SEC alleged that Terraform Labs and Kwon provided and offered unregistered securities and engaged in fraud.
Equally, South Korean authorities are attempting Terra co-founder Daniel Shin for fraud, unlawful fundraising, and violating capital market legal guidelines.
