The court in Podgorica made a positive decision in the extradition case of Terraform Labs founder Do Kwon. 
According to <a href="https://sudovi.me/vspg/sadrzaj/pwEl" target="_blank" rel="noopener">the document</a>, the requests of both the South Korean and US authorities were satisfied. The final decision on where to extradite Kwon will be made by the country’s Minister of Justice. Extradition is likely to occur after the Terraform Labs chief serves a&nbsp;four-month prison sentence&nbsp;for document forgery after he was <a href="https://crypto.news/terra-creator-do-kwon-denied-release-from-forgery-prison-sentence/" data-type="link" data-id="https://crypto.news/terra-creator-do-kwon-denied-release-from-forgery-prison-sentence/">found</a> to be travelling with a fake passport. 
 You might also like: <a href="https://crypto.news/live/do-kwons-trial-in-montenegro/"> Do Kwon’s trial in Montenegro </a> 
The final decision on the country of extradition will be taken by justice minister, the court said on its website on Friday. 
<blockquote class="wp-block-quote"> 
 “If the Minister of Justice decides on the final extradition of those previously accused, the extradition will take place after the execution of the criminal sentence passed by the Podgorica Court of First Instance.” <cite>Montenegro court</cite>
</blockquote> 
South Korea&nbsp;has called on Montenegro to expel&nbsp;Kwon to his homeland. The head of Terraform Labs is also being sought for extradition by the United States, where he faces fraud charges from the SEC and the Federal Prosecutor’s Office of New York. The authorities of <a href="https://crypto.news/south-korea-and-us-face-off-over-do-kwons-extradition/">both countries</a> consider Do Kwon a fraudster who deliberately deceived investors. 
On March 23, Montenegro police <a href="https://crypto.news/terraform-labs-do-kwon-allegedly-arrested-in-montenegro/">arrested</a> an entrepreneur while trying to fly from Podgorica airport to Dubai <a href="https://crypto.news/do-kwon-blames-chinese-agency-for-fake-travel-documents-issuance/">using fake documents</a>. In May, he and the company’s former chief financial officer,&nbsp;Han Chang-jung,&nbsp;pleaded not guilty. 
In June, Kwon was released under house arrest on bail of €400,000 ($436,000). 
 You might also like: <a href="https://crypto.news/terra-creator-do-kwon-denied-release-from-forgery-prison-sentence/"> Terra creator Do Kwon denied release from forgery prison sentence </a>

Montenegro court approves Do Kwon’s extradition

crypto.news

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