Do Kwon’s extradition used as pressure in Montenegro-South Korea airport negotiations, claims former justice minister

Mila September 25, 2024

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Key Takeaways

Montenegro’s PM allegedly used Do Kwon’s extradition as leverage in an airport deal.
Prime Minister linked to Do Kwon through a $75,000 investment in Terra/Luna tokens.

Montenegro’s Prime Minister Milojko Spajić is accused of using Do Kwon’s extradition as leverage in a 30-year airport concession deal with South Korea, according to Vijesti’s report. Former justice minister Andrej Milović claims Spajić shifted his support to South Korea’s bid to manage Montenegro’s airports after the Court of Appeals ruled in favor of Do Kwon’s extradition.

Spajić had reportedly prepared for months to grant France a concession over Montenegro’s airports. However, according to Milović, after the Court of Appeals ruled that Do Kwon should be extradited to South Korea, Spajić began to “speak positively” about a South Korean airport deal.

“Therefore, I ask Spajić, did he extort extradition in order to cover up the case, in exchange for the Montenegrin Airport concession?” Milović said.

He suggested Spajić is trying to trade the Terraform Labs founder’s extradition for state interests, covering up his own role in the case. SEC filings show Spajić invested $75,000 in Terra/Luna tokens, linking him to Do Kwon’s failed crypto project.

Montenegro’s President Jakov Milatović and former Prime Minister Dritan Abazović have accused Spajić of lying about his connection to Do Kwon, despite records showing multiple meetings between the two.

“I asked him if he knew Do Kwon. He told me he didn’t know him. He also said that in front of ten members of PES, who are now ministers,” Milatović said during a television interview.

The final decision on Do Kwon’s extradition, either to South Korea or the United States, now rests with Justice Minister Bojan Božović after Montenegro’s Supreme Court ruled previous decisions illegal.