Outgoing Montenegro Prime Minister Dritan Abazovic has reportedly urged the Particular State Prosecution to provoke an investigation into allegations of enterprise connections between Do Kwon, the founding father of the defunct cryptocurrency venture Terra, and Milojko Spajic, the chief of the Europe Now political motion.
In line with a Balkan Perception report, the allegations of enterprise relations between Do Kwon and Spajic stem from a letter the Terra co-founder despatched to Abazovic, the outgoing Justice Minister Marko Kovac and the Particular State Prosecution, claiming that he had offered monetary backing for Europe Now.
Kwon and Terraform Labs’ former chief monetary officer Chang-joon Han had been arrested at Montenegro’s Podgorica airport in March whereas making an attempt to journey to Dubai with allegedly cast paperwork.
Each Do Kwon and Han Chang-Joon are set to be launched on bail after the Montenegro Excessive Courtroom earlier this week granted them police-enforced home arrest, and are set to seem in courtroom on June 16. If discovered responsible the pair may face a jail sentence of as much as 5 years.
Other than the continued authorized proceedings in Montenegro, Do Kwon additionally faces authorized points in South Korea and the U.S.
Abazovic confirmed that he acquired Do Kwon’s letter, saying that Montenegro “can not grow to be a breeding floor for world fraudsters, even when they use blockchain or anything.”
“It’s not good for Montenegro if Spajic had contacts with Do Kwon, as a result of the person is needed by the U.S. and South Korean authorities,” Abazovic mentioned throughout a press convention on Wednesday.
Whereas the 35-year-old Spajic denied these claims, he revealed that he and the corporate he labored for invested in Terra.
“Do Kwon is a fraudster who defrauded thousands and thousands of individuals, together with my mates and the corporate I labored for, after we invested on this venture in early 2018,” Spajic advised native publication Vijesti.
The politician added that he took “particular satisfaction” from reporting Do Kwon to native authorities when the Terra co-founder entered Montenegro earlier this 12 months.
Spajic and crypto
Spajic seems to have a long-standing curiosity in cryptocurrency and blockchain applied sciences.
In April 2022, when Ethereum creator Vitalik Buterin acquired Montenegrin citizenship, Spajic shared a photograph of himself and Buterin holding his new passport.
“At this time, I had the pleasure to present Vitalik Buterin a Montenegrin citizenship as an indication of gratitude for all the things he has completed and can do for our nation,” Spajic posted on his official Instagram.
Spajic additionally hosted an Ethereum panel dialogue on the Future Now! Convention that very same month with Buterin, Ethereum researcher Vlad Zamfir, and College of Memphis professor of legislation Boris Mamlyk talking on subjects together with the legality of blockchain id and good contracts in authorities.
Final 12 months, the politician said that “in three years, the blockchain [industry] can account for about 30 p.c of the Montenegrin financial system, i.e., contribute a further 1.5 billion to 2 billion euros to the gross home product (GDP).”
Spajic appeared along with Buterin once more in Might this 12 months throughout the EDCON convention in Montenegro.
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