Terra founder Do Kwon ‘obviously’ on the run: Korean Prosecutors

Lavina Daryanani
Terra Founder Do Kwon
Source: CryptoSlate

During the weekend, there was a lot of chatter about Terra founder—Do Kwon—trying to escape from prosecutors. He, however, took Twitter to clarify that he was not on the run and has “shown interest” to communicate with government agencies. He also claimed that he and his team were cooperating fully, for they had nothing to hide. Further adding to the thread, Kwon said,

We are in the process of defending ourselves in multiple jurisdictions – we have held ourselves to an extremely high bar of integrity, and look forward to clarifying the truth over the next few months.”

Prosecutors say Terra founder is ‘obviously’ on the run

Per a recent Bloomberg report, prosecutors have “raised the prospect” that the Terra executive is trying to “evade redress.” Here it is worth recalling that prosecutors issued an arrest warrant against Kwon last week and intend to arrest him for allegations that include capital-market law violations.

Read More – Terra: South Korea issues Arrest Warrant Against Do Kwon

The prosecutor’s office refused to comment on whether or not he planned to contact Interpol. However, it said in a text message to Bloomberg,

There has been “circumstantial evidence of escape” ever since he left for Singapore, and that is why an arrest warrant was issued in the first place.

In fact, another parallel report by the Yonhap News Agency cited prosecutors saying that the Terra founder was not cooperating with probes and had told investigators—around August —through a lawyer that he had no intention of appearing before them for questioning.

In response to Kwon’s “I am not ‘on the run’ or anything similar” tweet, South Korean prosecutors said that Do Kwon was “obviously on the run” and was not cooperating with the investigation.

A prosecution official said the news agency,

“Currently, we are in the process to locate the whereabouts of suspect Do Kwon and apprehend him.”

The official further added that they will cooperate with local and overseas investigative bodies to get to the bottom of the case.