The Evolution of Do Kwon's Extradition Issue
Hello everyone! The issue of Do Kwon's extradition has been surrounded by considerable controversy and legal disputes.
Recently, the Montenegro Appeals Court has made a decision to extradite Do Kwon to South Korea, marking a significant development.
In this article, we'll explore the details and background of Do Kwon's extradition issue.
Court's Decision and Extradition Procedure
On August 1, 2024, the Montenegro Appeals Court ruled that Do Kwon must be extradited to South Korea.
This decision finalizes the Podgorica High Court's ruling that allowed for Do Kwon's extradition to South Korea.
The Appeals Court also upheld the previous decision to reject the request for extradition to the United States.
Do Kwon, the founder of Terraform Labs, is accused of being a central figure in the 'Terra-Luna' collapse scandal. He was arrested in Montenegro in March of the previous year on charges of passport forgery and has been held there since then.
South Korea, the US, and Singapore have all requested his extradition.
The Podgorica High Court initially approved the extradition to South Korea in November of the previous year, citing that the legal conditions for extradition were met.
Do Kwon prefers extradition to South Korea, as he might face lighter sentences there compared to the US.
This preference led to an appeal, and the High Court subsequently decided on his extradition to South Korea.
However, Montenegro's prosecutor's office argued that the decision to extradite should be made by the Minister of Justice, not the courts.
The Montenegrin Supreme Court affirmed that the decision on extradition should be made by the relevant minister, not the court, leading to a revised decision by the High Court.
Do Kwon appealed this new decision. The Appeals Court's ruling today addresses this appeal.
The final decision on Do Kwon’s extradition will be made by the Montenegrin Minister of Justice, who is expected to announce it once judicial procedures are complete.
Future Outlook and Impact of Do Kwon's Extradition
The extradition issue of Do Kwon now awaits the final decision of the Montenegrin Minister of Justice.
Do Kwon is currently charged in both South Korea and the US.
Recently, there have been reports of Do Kwon agreeing to pay $4.47 billion as a settlement with the US Securities and Exchange Commission (SEC), which is lower than the initial $5.26 billion assessed by the SEC.
This extradition decision will have a significant impact on Do Kwon's legal status and future trials.
If extradited to South Korea, legal proceedings will continue there, potentially affecting the penalties and accountability for his actions.
We will continue to monitor this issue closely and hope that the legal processes surrounding Do Kwon’s extradition proceed smoothly.
3-Line Summary for You
- Montenegro’s Appeals Court has ruled that Do Kwon must be extradited to South Korea, rejecting the request for extradition to the US.
- Do Kwon prefers to be extradited to South Korea due to potentially lighter sentencing compared to the US.
- The final decision on Do Kwon’s extradition will be made by the Montenegrin Minister of Justice, with significant implications for his legal situation.
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