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Korean Prosecutors Request Urgent “Red Notice” From Interpol For Do Kwon

South Korean prosecutors are asking for help from Interpol to intervene in their case against co-founder Terra Do Kwon by issuing a “Red Notice”. The action came after prosecutors argued that there were clear signs Do Kwon was on the run.

As updated in previous Coincu News articles, On September 14, the Korean Court decided to order the arrest of CEO Terra Do Kwon internationally for the serious losses he and the project suffered. caused to the crypto market in mid-2022.

However, enforcement of Do Kwon’s arrest warrant was difficult as he is believed to be living in Singapore with a previously issued Employment Card. Singapore also said that they would do their best to support if, however, Do Kwon is no longer living in this country.

While in legal trouble, Do Kwon is still very active on his Twitter, making the argument that he is not running away but that he is just protecting himself from certain jurisdictions.

South Korean prosecutors have made a sudden statement contrary to what Do Kwon shared with the community that he is not on the run and is willing to cooperate with investigating authorities.

Accordingly, they said that Do Kwon actually did not cooperate with the Korean authorities on the investigation. CEO Terra even passed his own lawyer to convey the message to the investigators that he did not intend to appear in front of them for questioning.

Because of the serious nature of the case, Korean prosecutors asked Interpol to issue a red notice for Do Kwon. At the same time, the Seoul Southern District Prosecutor’s Office added that it had asked the Seoul Foreign Ministry to cancel Do Kwon’s Korean passport because of the act of fleeing.

“Issuing an arrest warrant was possible because there were clear indications that Kwon was on the run.”

Yonhap quoted a prosecutor as saying

“We have begun the procedure to place him on the Interpol red notice list and revoke his passport,”

The prosecutors’ office said

Interpol’s red notice is a worldwide, top-level law enforcement request to locate and arrest an offender for extradition. According to Interpol, there are currently 7,151 individuals listed on the agency’s Red Notice list out of a total of 69,270. At the time of publication, Do Kwon was not on this list.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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