Terra co-founder Do Kwon is alleged to have political ties with a political party leader in Montenegro. Outgoing Prime Minister Dritan Abazović, outgoing Justice Minister Marko Kovac, and the Special State Prosecution Office are said to have received a letter from Do Kwon claiming that he financed Europe Now political party.
Montenegro Prime Minister Dritan Abazović claims he read the handwritten letter by Terra co-founder Do Kwon and sent it to the prosecutor’s office.
According to the letter, Do Kwon having ties with former Finance Minister Milojko Spajić since 2018. Spajić is also the president of the Europe Now political Party. Terra co-founder claims to have financed Europe Now political party.
Outgoing Prime Minister Dritan Abazović, political parties, and NGOs called on the Special State Prosecution on Tuesday to investigate the allege links between Do Kwon and Milojko Spajić.
“It’s not good for Montenegro if Spajic had contacts with Do Kwon, because the man is wanted by the US and South Korean authorities. We cannot become a breeding ground for global fraudsters, even if they use blockchain or anything else.”
Spajić denied these claims and said he informed about Do Kwon’s presence in the country to Minister of Interior Filip Adzic. However, Prime Minister Dritan Abazović says it’s not true.
Spajić confirmed that he knew Do Kwon since 2018 as his friends and the company he worked for invested in the Terra project. “Which is why we had the special satisfaction of reporting him to authorities.”
As Finance Minister, Spajić promoted the crypto industry in Montenegro. Ethereum co-founder Vitalik Buterin was also granted Montenegrin citizenship last April. Buterin and Spajić also promoted the Ethereum Development Conference in May 2023.
Also Read: Former SEC Chief Predicts Who Will Win, US SEC Or Crypto Giant Binance?
CoinGape Media reported earlier, the Montenegro Basic Court has approved Terra co-founder Do Kwon and former chief financial officer Han Chang-joon’s bail request for the second time on June 2. The new bail has several conditions including compliance with court summons, surveillance, and other measures.
On June 7, Montenegro prosecutors appealed again against the court’s decision in the ongoing passport forgery case. Prosecutors believe Do Kwon and Han Chang-joon must remain in custody. The decision on the appeal will be taken by a Montenegro High Court.
Also Read: Crypto Bull Cathie Wood’s ARK Invest Buys $21 Million In Coinbase (COIN) Shares
The Ethereum price and BMNR stock have recorded modest gains thanks to BitMine’s recent $1…
In a fresh development, multiple ASTER tokens have been sent to Binance spot wallets, following…
Avalanche Treasury Co., in partnership with Mountain Lake Acquisition Corp., has unveiled a $675 million…
Nasdaq-listed VivoPower has stepped up its digital treasury goals with a fresh capital raise aimed…
Solana increased in price by 5% to approximately $219 following a $2 billion Solana treasury…
The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…