Key takeaways
- Montenegro’s larger courts overturned the fundamental court docket’s choice to launch Kwon and Chang-jun on bail.
- Two Terra executives are to stay in a Montenegrin jail whereas awaiting their passport fraud trial.
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Do Kwon and Han Chang-joon’s bail was accepted 12 days in the past. Now, it has been annulled by the upper courts of Montenegro.
A excessive court docket in Montenegro overturned a decrease court docket choice that will have allowed Kwon, the previous crypto big and co-founder of Terraform Labs, to be launched on bail. In line with For Bloomberg.
The announcement got here from court docket spokeswoman Marija Rakovic, who confirmed throughout a cellphone name with Bloomberg on Wednesday that Kwon and his former chief monetary officer, Han Chang-jun, will proceed to stay in jail in Montenegro. His passport fraud case.
Each had been at first permitted Authorized for launch on bail of $430,500 or 400,000 euros by the Primary Court docket in Podgorica earlier this month. Nonetheless, the prosecution challenged the choice, and referred the case to the next decide for additional consideration.
Together with the choice of the Excessive Court docket, the Primary Court docket might want to draft a brand new judgment that’s in step with the choice taken by the upper authority. Rakovic clarified that there isn’t any authorized restrict on the variety of motions for bail that may be filed for the 2 ex-terra execs.
“Given what the Excessive Court docket has dominated, the Primary Court docket should now make one other choice,” Rakovich instructed Bloomberg.
Because it stands, the fates of each Kwon and Chang-joon are unsure as they await the following court docket look. choice
