Saturday, July 15, 2023

Montenegro Opposition Party Denies Funding From Crypto Fugitive

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Montenegro’s opposition Europe Now motion rejected claims that Do Kwon, fugitive South Korean creator of the collapsed cryptocurrency Terra, unlawfully funded its electoral project.

Montenegrin National Security Committee session in Podgorica. Image: Government of Montenegro

The Europe Now motion on Wednesday implicated Interior Minister Filip Adzic of making incorrect claims about its leader Milojko Spajic’s supposed relations with fugitive South Korean cryptocurrency trader Do Kwon, after Adzic implicated the creator of the collapsed cryptocurrency Terra of unlawfully funding the motion’s electoral project.

Media reported on Tuesday that Do Kwon sent out a letter to outbound Prime Minister Dritan Abazovic, outbound Justice Minister Marko Kovac and the Special State Prosecution, declaring that he funded Europe Now.

Abazovic validated that he got Do Kwon’s letter and gotten in touch with Special State Prosecution to examine the case.

Europe Now rejected the claims and implicating its political challengers of spreading out fallacies ahead of the upcoming parlilamentary elections on June 11.

“We welcome the Agency for the Prevention of Corruption, as the appropriate authority, to verify or reject the declarations that Do Kwon funded our election projects,” Europe Now main Vaslije Carapic informed media on Wednesday.

“Since we are persuaded that Interior Minister Filip Adzic has no proof for what he declares, his accusations are absolutely nothing more than the abuse of his main position in the middle of an election project,” Carapic included.

According to viewpoint surveys, the recently-formed Europe Now might lead the brand-new federal government after parliamentary elections on June 11 and Spajic might end up being the next prime minister.

As financing minister, Spajic promoted the advancement of the blockchain market in Montenegro.

Previously on Wednesday, Interior Minister Adzic stated that Spajic met Do Kwon in Belgrade after an Interpol red notification was released for his arrest. Adzic declared that he has functional details about the conferences.

“We knew that [Spajic and Do Kwon] fulfilled, even in a household environment, even after the minute when Do Kwon was on the [Interpol] desired list. We likewise have the street [name] in Belgrade where they satisfied,” Adzic informed an interview.

“If we know that somebody from the crypto world, who has billions at his disposal, is interfering in the election procedure of Montenegro, we need to respond,” he included.

The Montenegrin National Security Committee on Wednesday advised the Special State Prosecution to examine relations in between foreign cryptocurrency traders with political celebrations in Montenegro.

“We went over foreign nationals being connected to cryptocurrency activities. It is not about a single person, however numerous individuals who run or have actually run on the area of Montenegro,” Prime Minister Abazovic informed media.

“There were contacts and connections and a 3rd party was attempting to fund something in order to accomplish an advantage. We have claims from partner [intelligence] services that cryptocurrencies are significantly being utilized for money-laundering and the funding of organised criminal groups,” he included.

According to Montenegro’s Law on Financing Political Entities, foreign people can not contribute to political celebrations nor financing electoral projects, while celebrations should report all contributions to the Agency for the Prevention of Corruption.

On March 23, Do Kwon and Han Chang-Joon, a senior executive at mobile payment supplier Chai, were jailed in Podgorica for supposedly trying to take a trip with falsified files.

Given that Do Kwon’s arrest, both South Korea and the United States have actually been requesting his extradition to deal with criminal charges following his trial in Montenegro.

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