Montenegros Supreme Court stalls Do Kwons extradition amid legal tussle
Montenegros Supreme Court has intervened in Do Kwons extradition to South Korea, putting the process on hold indefinitely, according to a March 22 translation of the Court notice.
The Court said it overturned previous decisions from two lower courts that had greenlit Kwons extradition to South Korea because of the Supreme State Prosecutors Offices request.
Consequently, Kwons extradition process to South Korea would remain suspended until a decision is made on the submitted request for the protection of legality.
The Supreme Court Council said the ruling was in line with its powers to postpone or stop the execution of the final court decision.
Extradition battle
On March 21, Montenegros Supreme State Prosecutors Office contested the decision of the High Court of Podgorica and Appellate Court to extradite the Terraform Labs co-founder to South Korea instead of the US.
The prosecutors office asserted that the High Court overstepped its authority by conducting a hasty legal process in reaching the decision, which should have fallen under the jurisdiction of the Ministry of Justice.
Furthermore, the prosecutors office criticized the Appellate Court for neglecting to consider the state prosecutors position in the appeal process, which upheld Kwons extradition to South Korea.
Over the past year, Kwon has been in Montenegrin custody following his arrest and imprisonment for attempting to use fake travel documents in the Balkan country.
Since then, South Korea and the United States have been competing to bring Kwon to their shores to answer for his role in the collapse of the Terra ecosystem in 2022.
In the US, the SEC alleged that Terraform Labs and Kwon offered and sold unregistered securities and engaged in fraud.
Similarly, South Korean authorities are trying Terra co-founder Daniel Shin for fraud, illegal fundraising, and violating capital market laws.
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