Do Kwon's $428K Bail Request in Fake Passport Case Approved by Montenegro Court

The Montenegro tribunal handling Terra laminitis Do Kwon's passport forgery lawsuit has accepted his 400,000 euro ($428,000) bail petition aft a higher tribunal annulled a erstwhile approval, according to a Friday announcement.

In March, Kwon, on with erstwhile Terra enforcement Han Chang-joon, were arrested successful Montenegro for allegedly attempting to question with falsified documents. Authorities successful South Korea had been searching for Kwon aft his multi-billion dollar crypto endeavor collapsed successful May past year. Since his arrest, some South Korea and the U.S. person requested Kwon's extradition to look transgression charges pursuing his proceedings successful Montenegro.

"The tribunal appreciated the information that they are persons who are not Montenegrin citizens, which is wherefore it accepted their statements astir the worth of the spot they own, which were supported by factual evidence," the basal tribunal said successful Friday's statement.

The lawsuit besides requires authorities successful Belgium to verify the authenticity of question documents Kwon and Han had successful their possession, and the accused could look a situation condemnation of up to 5 years, the tribunal said. Contrary to the prosecution's opinion, the tribunal said a sum of 400,000 euros "cannot correspond an insignificant portion of their property."

The 2 South Korean nationals are owed backmost successful tribunal connected June 16. The prosecution has 3 days to entreaty the bail decision.