Montenegro’s prosecutors indicted Terra co-founder Do Kwon and chief financial officer Han Chang-joon for forging documents. Both Do Kwon and Han Chang-joon were arrested on March 23 by Montenegrin authorities while trying to board a flight to Dubai with fake passports and documents.
The Basic State Prosecutor’s Office filed an indictment against Do Kwon and Han Chang-joon for the criminal offense of document forgery. Prosecutors also proposed to further extend the detention period for both accused, reported local news agency Vijesti on April 20.
Montenegrin lawyer representing Do Kwon and Han Chang-joon earlier filed an appeal against the court’s decision to extend the detention to 30 days. However, the court dismissed the appeal citing the importance of the case. A further extension of the detention period will cause the extradition proceedings to be delayed further. The extradition process will begin only after the Montenegro court judicial process related to passport forgery is completed.
On March 29, Montenegro’s Minister of Justice Marko Kovac stated the extradition decision will be taken in a separate court proceeding after the passport forgery case. Moreover, extradition depends on several factors, including the severity of crimes, location of committed offenses, sequence of requests, and nationality.
Meanwhile, South Korean prosecutors also tried getting an arrest warrant against co-founder Daniel Shin for the second time. However, the court rejected prosecutors’ request for an arrest warrant, citing no risk of flight or destroying evidence.
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Terra (LUNA) and Terra Classic (LUNC) Price Fall After Do Kwon Is Indicted
Terra (LUNA) price fell 1% in the last 24 hours, with the price currently trading at $1.31. The 24-hour low and high are $1.26 and $1.34, respectively.
Meanwhile, Terra Classic (LUNC) price fell over 2% in the last 24 hours to $0.000117, breaking the key support level of $0.00012. The 24-hour low and high are $0.000114 and $0.000120, respectively.
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