Terra co-founder Do Kwon said: pleaded not guilty Bloomberg reported on May 11 that he used forged travel documents in Montenegro, where he is being held.
The crypto entrepreneur was arrested by Montenegro in March while trying to board a private jet to Dubai. He was arrested along with Terraform Labs chief financial officer Han Chang-jun.
The two were found to have Costa Rican and Belgian passports along with South Korean passports. Montenegrin authorities claimed Belgian and Costa Rican passports were forged. However, Kwon and Jang Jun insist that the Costa Rican passports they tried to use were genuine.
public prosecutor opposed Attorney Branko Angelic applies for bail. Prosecutors said the two suspects could afford to leave Montenegro and had “no interest” in staying in the country.
Do Kwon has already faced criminal charges in South Korea and the United States, but the possibility of extradition to either country will depend on the outcome of the alleged forgery of documents against him in Montenegro.
The next trial in the case is scheduled for June 16, and if convicted could face up to five years in prison.
wall street journal report South Korea’s chief prosecutor Dan Sung-han said he could face up to 40 years in prison if found guilty of the charges against Kwon in the Asian country.
The post, in which Terra’s Do Kwon pleads not guilty to charges of forgery, first appeared on CryptoSlate.
