Do Kwon Granted Bail for Second Time as Montenegro Court Reconsiders
The Montenegro Basic Court has granted bail for Terra co-founder Do Kwon and former CFO Han Chang-joon for the second time. The decision came after their initial bail request was denied by a Montenegrin high court on May 24th. This new development allows the accused to prepare a robust defense against the charges of document forgery that they are facing.
Lawyer Branko Andelic, representing Do Kwon and Han Chang-joon, confirmed that bail has been authorized at 400,000 Euros ($436,000) each. The court’s decision takes into account various factors, including the nature of the crime, the defendants’ personal and family circumstances, and the ability of potential bond sureties to pay. The court also plans to verify the legitimacy of the travel papers and identification cards, as Do Kwon’s attorney claims that the passports to Costa Rica were obtained legitimately.
However, the court has imposed several conditions on the release of the Terra co-founders. They are required to stay at the apartment provided by their lawyer, Branko Andelic, until their passport fabrication case is resolved. Additionally, they must comply with court orders, which include monitoring and mandatory appearances.
One crucial aspect of the court’s decision is the potential consequences if the defendants violate the imposed restrictions. In such a scenario, the bail money will be forfeited and added to the court’s budget. This provision aims to deter the offenders from fleeing or breaking any of the court’s rules.
It’s important to note that Do Kwon’s extradition to South Korea or the United States will only take place after he has completed his term in Montenegro, should he be found guilty. The specific details regarding the extradition process will be determined at a later stage.
Prosecutors in Montenegro have three days to file an appeal against the court’s decision to grant bail to Do Kwon and Han Chang-joon. This indicates that the legal battle surrounding the Terra co-founders’ case is far from over, and the final outcome is yet to be determined.
As the situation continues to unfold, the release of Do Kwon and Han Chang-joon on bail has generated mixed reactions. Supporters argue that it allows the defendants to actively participate in their defense and demonstrates confidence in their innocence. On the other hand, skeptics question whether the bail decision could potentially enable the accused to manipulate the legal system or escape justice altogether.
Regardless of the differing opinions, it is clear that the Terra co-founders’ case has captivated public attention, both in Montenegro and internationally. The next few days will undoubtedly bring further developments, as prosecutors consider filing an appeal and the defense continues to prepare for their legal battle.
- Montenegro Court Grants House Arrest Release For Terraform Labs Co-Founders Do Kwon And Han Chong-Joon
- Do Kwon Pleads Not Guilty To Charges Of Using Forged Travel Documents
- Montenegro Court Revokes Bail For Do Kwon Amidst Forgery Allegations