The post Breaking News: Do Kwon Secures Bail Release from Montenegro Court! appeared first on Coinpedia Fintech News
In a recent development, Montenegro’s court has accepted bail of $457,000 for Korean entrepreneur and alleged criminal Hyung Do Kwon. Upon payment of this amount, the defendant is to be released. However, he will be subject to certain surveillance measures, including a ban on leaving his apartment, which will be monitored by the police. If Kwon escapes or violates the supervision measure, the bail will be forfeited and entered into a special section of the budget for the work of the courts.
Bail Conditions and Court Decision
During the main hearing on May 12, Kwon provided details of his financial circumstances, stating that he has property worth several million dollars and that his loved ones would pay the bail amount.
He also pledged not to hide until the end of the criminal proceedings, to regularly respond to court summons, and to be available at the address provided by his defense attorney.
The prosecution representative objected to the proposal, claiming that the offered amount does not guarantee the presence of the defendant and that he has no interest in staying on Montenegro’s territory.
Despite the prosecution’s objections, the court considered the gravity of the criminal offense charged against Kwon, his personal and family circumstances, his property status, and the property status of those providing the bail.
The court determined that the possibility of losing the deposited bail of $457,000 each would have a sufficiently discouraging effect on the defendant, preventing any attempts to escape.
In addition to the bail, the court also imposed a measure forbidding Kwon from leaving his apartment. This measure is considered a substitute for custody to a significant extent, and the bail guarantees compliance with the imposed supervision.