US wants Do Kwon to give public documents to Montenegro authorities

US wants Do Kwon to give public documents to Montenegro authorities

The US SEC wants Do Kwon, currently in jail in Montenegro for passport forgery, to give public documents to Montenegrin authorities as part of its case against the former Terra Labs CEO.

That's according to a court filing dated September 27. The ministry of Justice in Montenegro said on Friday that it received the request from the SEC and sent it to the court in the capital, Podgorica.

The deposition request is related to the SEC's lawsuit against Kwon, who was charged with fraud related to the collapse of cryptocurrencies Terra and Luna in May last year.

The ministry said the request by the SEC is running in parallel with an effort to extradite Kwon to face criminal charges from US prosecutors in a separate case.

Kwon is to make a statement as part of the U.S. court case before October 13. His lawyer said that Kwon has never opposed the effort to depose him.

Although the SEC request is for Kwon to stay in Montenegro, the resistance of Do Kwon's lawyers appears to be based on a premise that he must return to the US.

's motion for the simple reason that it is impossible for Mr. Kwon to appear in the United States,' wrote Douglas Henkin and Mark Califano, Kwon's attorneys, in a filing to the US District Court in Manhattan on September 27.

Insufficient time, they say, and that it's unknown how long Do Kwon will be in prison.

The US has filed a request for Kwon's extradition with Montenegrin authorities after he and his business partner, Han Chang-Joon, were arrested at the airport in Podgorica in March while trying to fly to Dubai in a private jet.

In addition, Kwon's native South Korea, along with his business partner, is also wanted on similar charges.

They have been detained near Podgorica for more than six months. The Tribunal in Podgorica found that they had used fake documents when trying to leave Montenegro.

The court later accepted a €400,000 bail, but instead of leaving prison, they remained there amid a six-month extradition detention period.

The extradition process is ongoing and Montenegrin authorities will decide whether to extradite Kwon to the US or South Korea.