Terra co-founder Do Kwon is alleged to have political ties with a political party leader in Montenegro. Outgoing Prime Minister Dritan Abazovic outgoing Justice Minister Marko Kovac and the Special State Prosecution Office are said to have received a letter from Do Kwon claiming that he financed Europe now a political party.
Montenegro Prime Minister Dritan Abazović claims he read the handwritten letter by Terra co-founder Do Kwon and sent it to the prosecutor’s office.
According to the letter, Do Kwon having ties with former Finance Minister Milojko Spajic since 2018? Spajić is also the president of Europe Now political Party. Terra co-founder claims to have financed Europe Now political party.
Outgoing Prime Minister Dritan Abazović, political parties, and NGOs called on the Special State Prosecution on Tuesday to investigate the alleged links between Do Kwon and Milojko Spajić.
Spajić confirmed that he knew Do Kwon since 2018 as his friends and the company he worked for invested in the Terra project. “Which is why we had the special satisfaction of reporting him to authorities.”
As Finance Minister, Spajić promoted the crypto industry in Montenegro. Ethereum co-founder Vitalik Buterin was also granted Montenegrin citizenship last April. Buterin and Spajić also promoted the Ethereum Development Conference in May 2023.
the Montenegro Basic Court approved Terra co-founder Do Kwon and former chief financial officer Han Chang-joon’s bail request for the second time on June 2. The new bail has several conditions including compliance with court summons, surveillance, and other measures.
On June 7, Montenegro prosecutors appealed again against the court’s decision in the ongoing passport forgery case. Prosecutors believe Do Kwon and Han Chang-Joon must remain in custody. The decision on the appeal will be taken by a Montenegro High Court.