Montenegro Justice Minister Visits SEC, Growing Hypothesis of Kwon Do-hyung Going to US

There’s hypothesis that the potential for Kwon Do-hyung, the principle wrongdoer of the Terra-Luna incident, going to the US has elevated. This is because of an evaluation that the Minister of Justice of Montenegro, who has the authority to make last choices, just lately visited the US Securities and Trade Fee (SEC) and shared associated info.

Based on the native day by day newspaper Montenegro Bijesti on the twenty third, the Montenegrin Ministry of Justice met SEC Enforcement Director Gerber Grewal on the SEC headquarters in Washington, DC on this present day and reported that that they had been briefed on the outcomes of the investigation into Mr. Kwon. and the progress of the US trial.

Minister Milovic stated on his Fb web page, “I acquired a proof of the outcomes of the SEC’s investigation concerning the case of Mr. Kwon and the lawsuit in the US,” and added, “I’m grateful to the SEC for offering helpful info.”

The Ministry of Justice of Montenegro emphasised that “each side concluded that this assembly is a vital step ahead in strengthening the connection between Montenegro and the US within the fields of justice and investor safety,” including, “We got here to’ the conclusion that the connection ought to be additional strengthened for the good thing about each organizations sooner or later.” .

Minister Milovic is the one that has the ultimate authority to determine whether or not Mr. Kwon might be returned to Korea or the US. Accordingly, there’s hypothesis out there that Minister Milovic’s newest transfer has additional elevated the potential for Mr Kwon going to the US.

After the Terra-Luna crash in 2022, Mr. Kwon after leaving the nation for Singapore. Korean prosecutors issued an arrest warrant for CEO Kwon on fees of violating the Capital Markets Act in September of the identical 12 months, and the SEC additionally filed a criticism towards Kwon on fees of fraud in reference to the Terra and Luna crash within the month of February.

Mr Kwon later traveled to the United Arab Emirates (UAE) through Dubai and was arrested in Montenegro in March final 12 months on fees of passport forgery. Korea and the US have requested Mr. Kwon’s extradition, and Mr. Kwon is struggling to be extradited to Korea, the place the sentence is decrease than the US sentence.

Nonetheless, given Minister Milovic’s latest go to to the US, the potential for Mr Kwon being returned to Korea appears more and more slim.

Minister Milovic has been pushing to go to the US, saying in an area broadcast interview final November that “the US is our most essential international coverage accomplice,” concerning Kwon’s extradition workplace.

Reporter Jaeyeon Wonjaeyoen@chosunbiz.com