Montenegro Overturns High Court Do Kwon Bail Ruling

Do Kwon was jailed in Montenegro on local charges and freed on bail for 400,000 euros ($440,320) but the court revoked his bail

Montenegro Overturns High Court Do Kwon Bail Ruling
Montenegro Overturns High Court Do Kwon Bail Ruling

Do Kwon was caught in Montenegro at the Podgorica Airport on March 23, 2023, as he tried to get on a private jet to Dubai. A video that went viral showed Kwon leaving the Montenegrin court in handcuffs.

A Montenegro court recently let Do Kwon out on bail. On local charges, he was let go on bail of 400,000 euros ($440,320). However, according to the most recent news, a court in Montenegro has revoked Do Kwon’s bail.

Montenegro overturns Do Kwon’s bail

A high court in Podgorica, Montenegro, overturned the previous ruling, which means Terra’s boss will remain in jail, according to information from court spokesman Marija Rakovic that Bloomberg shared.

Han Chong-joon, Kwon’s top financial officer, will also lose bail because of the ruling. “The Basic Court should now make another decision, taking into account what the High Court ruled.” “There is no legal limit to how many motions can follow between the respective judges in deciding on bail for the two South Korean nationals,” Rakovic said.

Kwon has been on the run since May 2022, when the Terra environment collapsed. Officials were looking for him because his $40 billion business had fallen apart, but it needed to be clarified where he was. But things went wrong for the boss of Terra when he was caught in Montenegro.