Terraform Labs co-founder Do Kwon, the crypto entrepreneur who’s sought by the US and South Korea on fraud charges, was sentenced to four months in prison by a Montenegrin court for attempting to travel with a forged passport.
Han Chang-joon, the Terraform Labs chief financial officer, was convicted of the same crime and also received a four-month sentence, the Basic Court in Podgorica said on Monday.
Time already spent in detention is included in the prison terms and the two can appeal the verdict, the court said.
“Once we receive the verdict in writing, we will consult with our clients about possible appeal,” defence lawyer Goran Rodic said.
The court has up to 30 days to officially notify the defence as well as the prosecutor’s office, which can also appeal the verdict, Mr Rodic said.
Mr Kwon and Mr Han were arrested in Montenegro in March when they tried to board a private jet en route to Dubai.
The authorities acted on an international arrest warrant that was issued after the collapse of two digital tokens Mr Kwon helped create, a crash that wiped out at least $40 billion of market value. Prosecutors in South Korea and the US have charged him with fraud.
Montenegrin police said the two were found in possession of multiple passports, including forged Belgium and Costa Rican documents.
Both the US and South Korea are seeking Mr Kwon’s extradition from Montenegro, where officials have said they may consider handing him over after local criminal proceedings are completed.
A representative of the prosecutors’ office in Seoul declined to comment on the sentence or any potential extradition timeline for Mr Kwon.
Mr Kwon and Mr Han pleaded not guilty at their first court hearing in Montenegro in May. Last week, Mr Kwon told the court he obtained the documents in Singapore through an agency selling citizenships of various countries and believed the passports were genuine.
The Great Derangement: Climate Change and the Unthinkable
Amitav Ghosh, University of Chicago Press
Understand What Black Is
The Last Poets
(Studio Rockers)
If you go...
Flying
There is no simple way to get to Punta Arenas from the UAE, with flights from Dubai and Abu Dhabi requiring at least two connections to reach this part of Patagonia. Flights start from about Dh6,250.
Touring
Chile Nativo offers the amended Los Dientes trek with expert guides and porters who are met in Puerto Williams on Isla Navarino. The trip starts and ends in Punta Arenas and lasts for six days in total. Prices start from Dh8,795.
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Match info
UAE v Bolivia, Friday, 6.25pm, Maktoum bin Rashid Stadium, Dubai
SQUADS
UAE
Mohammed Naveed (captain), Mohamed Usman (vice-captain), Ashfaq Ahmed, Chirag Suri, Shaiman Anwar, Mohammed Boota, Ghulam Shabber, Imran Haider, Tahir Mughal, Amir Hayat, Zahoor Khan, Qadeer Ahmed, Fahad Nawaz, Abdul Shakoor, Sultan Ahmed, CP Rizwan
Nepal
Paras Khadka (captain), Gyanendra Malla, Dipendra Singh Airee, Pradeep Airee, Binod Bhandari, Avinash Bohara, Sundeep Jora, Sompal Kami, Karan KC, Rohit Paudel, Sandeep Lamichhane, Lalit Rajbanshi, Basant Regmi, Pawan Sarraf, Bhim Sharki, Aarif Sheikh
Business Insights
- As per the document, there are six filing options, including choosing to report on a realisation basis and transitional rules for pre-tax period gains or losses.
- SMEs with revenue below Dh3 million per annum can opt for transitional relief until 2026, treating them as having no taxable income.
- Larger entities have specific provisions for asset and liability movements, business restructuring, and handling foreign permanent establishments.
BIOSAFETY LABS SECURITY LEVELS
Biosafety Level 1
The lowest safety level. These labs work with viruses that are minimal risk to humans.
Hand washing is required on entry and exit and potentially infectious material decontaminated with bleach before thrown away.
Must have a lock. Access limited. Lab does not need to be isolated from other buildings.
Used as teaching spaces.
Study microorganisms such as Staphylococcus which causes food poisoning.
Biosafety Level 2
These labs deal with pathogens that can be harmful to people and the environment such as Hepatitis, HIV and salmonella.
Working in Level 2 requires special training in handling pathogenic agents.
Extra safety and security precautions are taken in addition to those at Level 1
Biosafety Level 3
These labs contain material that can be lethal if inhaled. This includes SARS coronavirus, MERS, and yellow fever.
Significant extra precautions are taken with staff given specific immunisations when dealing with certain diseases.
Infectious material is examined in a biological safety cabinet.
Personnel must wear protective gowns that must be discarded or decontaminated after use.
Strict safety and handling procedures are in place. There must be double entrances to the building and they must contain self-closing doors to reduce risk of pathogen aerosols escaping.
Windows must be sealed. Air from must be filtered before it can be recirculated.
Biosafety Level 4
The highest level for biosafety precautions. Scientist work with highly dangerous diseases that have no vaccine or cure.
All material must be decontaminated.
Personnel must wear a positive pressure suit for protection. On leaving the lab this must pass through decontamination shower before they have a personal shower.
Entry is severely restricted to trained and authorised personnel. All entries are recorded.
Entrance must be via airlocks.
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
