South Korean prosecutors have claimed do quon is “hiding” in Serbia – and has asked the European nation’s police force to hand him over to them. In the meantime, it’s been a rocky past few hours Terra Luna Classic (LUNC) – the token launched by Kwon and his firm Terraform Labs.
jose ilbo reported that the Seoul Southern District Prosecutor’s Office – part of the Prosecution Service that has been investigating Kwon since LUNC and Earth Ecosystem Coins collapsed in May – having “confirmed” that Quon was “living in Serbia” after “receiving information” about his whereabouts.
Prosecutors said he had moved to Serbia via Dubai in September – after leaving South Korea for Singapore at the time of the crash.
They said they would “work” with authorities in Serbia to detain Quan.
The media outlet said that South Korea’s Justice Ministry has also intervened – and is now “in the process of requesting cooperation from the Serbian government.”
LUNC price took a huge hit on the news, with the coin’s price down by over 3% over the past 24 hours. coinmarket cap Information However, the drop in prices could be due to other factors as well, other coins have also decreased in value in the past few hours.
Kwon is wanted on charges of fraud and violation of capital markets law, and has been issued a Red Notice by Interpol.
Red notices tell law enforcement officials in most countries of the world to stop a suspect pending extradition. However, South Korea and Serbia have never signed an extradition treaty – although both have previously adhered to the European Convention on Extradition Protocol.
Why would Quan have gone to Serbia?
South Korean media outlets juongang ilbo WebMD spoke to several senior prosecutors in an attempt to find out the reasons they – who have no known ties to Serbia – may have chosen to travel to the European nation. Prosecutors agreed to speak to the newspaper on condition of anonymity.
A Deputy Chief Prosecutor said,
“Serbia is a country where Interpol has little influence. I expect the authorities there to take a passive approach to extradition.
Another claimed that Kwon may have foreseen a possible future struggle against extradition – and has already devised a way to fight the order.
The legal systems of many countries allow authorities to refuse extradition requests “in the case of political prisoners”.
The same prosecutor pointed out that Kwon may have already “laid the groundwork” for such an appeal – “taking into account matters relating to extradition.”
Media outlets reported that as late as September 28, Kwon’s representatives sent a statement to The Wall Street Journal claiming that “South Korean prosecutors” were “politically motivated” to act against her.
He has also made similar claims on social media.
Earlier this month, South Korean prosecutors got a shock in his bid to arrest Daniel Shin, co-founder of Terraform Labs — with seven current or former Terra investors and developers. A court turned down their request for an arrest warrant for the group – although they are believed to be planning a second request.
At the time this news was met with glee from Doo Kwon, who claimed that prosecutors were one step away from “strike out” in their efforts to close the net on Terraform.
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