A Montenegro Higher Court upheld the verdict of the Basic Court against South Korean citizens Do Kwon and Han Chang-joon in June, sentencing them to four months imprisonment in a passport forgery lawsuit. Former Terra executives will also face extradition proceedings after the passport forgery case, with likely extradition to home country South Korea.
The Higher Court in Podgorica, Montenegro denied the appeals of the Basic State Prosecutor’s Office and the defense attorneys of Do Kwon and Han Chang-joon against the verdict of the Basic Court as ‘unfounded’, reported local news outlets on November 16.
“The Council of the Higher Court in Podgorica indicated that the first-instance court correctly and completely determined the factual situation, that it correctly applied the Criminal Code of Montenegro, as well as that it determined and evaluated all the circumstances that have an influence on the choice of the criminal sanction and its amount,” as per a statement by the court.
The higher court asserts the basic court has carefully examined the gravity of the committed crime and the personality of the defendants as perpetrators.
Also Read: Terra Luna Classic Stops USTC Minting, LUNC Up 18% And LUNA 33%
In June, Goran Rodić, the lawyer representing Do Kwon and Han Chang-joon, said extradition proceedings are set to start soon. However, they will first focus on filing a complaint against the detention.
With the higher court rejected all appeals, the executives are likely to be extradited to South Korea. Meanwhile, a Montenegro High Court is also looking to extradite both South Korean citizens to their country as the court looks to expedite the extradition proceedings.
Also Read:
Gold bug Peter Schiff has predicted that the Bitcoin price will likely continue to crash…
'Rich Dad Poor Dad' author Robert Kiyosaki has again made a case for the two…
BitMEX co-founder Arthur Hayes has predicted that Bitcoin's price could rally to $500,000 by the…
China is tightening its stance on digital assets again with regulators warning of rising risks…
Hyperliquid logged another major on-chain development today after a team-linked wallet shifted $90 million worth…
Kalshi has been accused of illegal sports gambling and manipulating the market. This comes as…