Montenegro PM Accused of Using Do Kwon Extradition for Airport Deal

Former Montenegrin Justice Minister Andrej Milovic has raised concerns over a possible connection between the extradition of Terraform Labs co-founder Do Kwon and a recent airport concession deal between Montenegro and South Korea.

As reported by Vijesti, Milovic suggested that Prime Minister Milojko Spajić altered his stance on the 30-year concession agreement for Montenegrin airports, using Kwon’s extradition as leverage to finalize the deal.

Do Kwon, arrested in Montenegro in March 2023 while attempting to travel with fake documents, is wanted for his involvement in the collapse of TerraLuna, which caused approximately $40 billion in global losses. Both South Korea and the United States have been seeking his extradition.

Milovic, also a candidate in Podgorica’s upcoming mayoral elections, stated that Spajić initially supported a French bid for the airport concession but changed his position after a court upheld Kwon’s extradition. Milovic claims that Spajić began endorsing the South Korean offer shortly after the ruling.

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He further alleged that Spajić has personal connections to Kwon, mentioning reports of a $75,000 investment in Terra/Luna tokens. Additionally, other officials, including President Jakov Milatović and former Prime Minister Dritan Abazović, have accused Spajić of concealing his links to Kwon, despite documented meetings between them.

Milovic urged U.S. authorities to pressure Spajić to cooperate with broader investigations, warning that extraditing Kwon could jeopardize efforts to uncover key information related to the case.

Kostadin Dimitrov