{"id":19263,"date":"2023-03-29T11:52:17","date_gmt":"2023-03-29T11:52:17","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/do-kwon-successfully-formed-a-company-in-serbia-weeks-after-interpol-issued-red-notice-regulation-bitcoin-news\/"},"modified":"2023-03-29T11:52:17","modified_gmt":"2023-03-29T11:52:17","slug":"do-kwon-successfully-formed-a-company-in-serbia-weeks-after-interpol-issued-red-notice-regulation-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/do-kwon-successfully-formed-a-company-in-serbia-weeks-after-interpol-issued-red-notice-regulation-bitcoin-news\/","title":{"rendered":"Do Kwon Successfully Formed a Company in Serbia Weeks After Interpol Issued Red Notice \u2013 Regulation Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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According to a report, the recently arrested Terraform Labs co-founder Do Kwon was able to register a company in Serbia just a few weeks after Interpol issued a Red Notice for him. Lawyers that helped Kwon form a company in Serbia reportedly said they were not aware of Interpol\u2019s Red Notice against their client. <\/strong><\/p>\n

Do Kwon Uses Korean Passport to Register Company<\/h2>\n

Just a few weeks after an Interpol Red Notice for arrest was issued, the former Terraform Labs CEO Kwon was still able to form and register a company in Serbia, a local publication has said. Known as Codokoj22 d.o.o. Beograd, the company which was registered on Oct. 12, 2022, lists Kwon as the owner. The former CEO along with his countryman Han Chang-Joon from Chai Corporation are also named as directors of the company.<\/p>\n

According to a report<\/a> in DL News, the duo\u2019s Serbian company was established with capital equivalent to just under $1 (100 din). The report added that Kwon and Chang-Joon used their Korean passports to register the new company with Serbian Business Registry.<\/p>\n

As previously reported<\/a> by Bitcoin.com News in late Sept. 2022, the global law enforcement agency Interpol kickstarted an international manhunt for Kwon after it issued a Red Notice for the Terraform Labs co-founder. Before the notice was issued, Kwon insisted that he was not on the run and that he was in fact cooperating with \u201cany government agency that has shown interest to communicate.\u201d<\/p>\n

However, Bitcoin.com News reported<\/a> on March 23, 2023, that Montenegro\u2019s interior minister said Kwon was arrested at Podgorica airport. He had a forged Costa Rican passport on him when he was apprehended. Chang-Joon has now also been reported<\/a> as being arrested.<\/p>\n

Lawyers Unaware of Interpol\u2019s Red Notice<\/h2>\n

Meanwhile, unnamed officials from the Serbian Business Registry and lawyers at Gecic Law Firm are quoted in the report professing their ignorance about the existence of an Interpol Red Notice. Ognjen Colic, a partner at Kwon\u2019s legal representatives in Serbia, claimed that his firm took all the necessary steps before electing to represent him.<\/p>\n

\u201cI cannot comment on my client due to confidentiality agreements, but I can say that this client went through all the regular security checks that we conduct for every client, including the Interpol website and he is not on there \u2013 you can check it yourself now,\u201d Colic reportedly said.<\/p>\n

Milos Petakovic, a lawyer from the same law firm, is quoted in the report stating that he needed to consult his colleagues before commenting on Gecic Law Firm\u2019s decision to work for Kwon.<\/p>\n

In addition to South Korea, which issued a warrant for his arrest<\/a> in Sept. 2022, Kwon was also wanted by authorities in Singapore and in the United States.<\/p>\n

What are your thoughts on this story? Let us know what you think in the comments section below.<\/strong><\/em><\/p>\n

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\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, July Ko \/ Shutterstock.com<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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