The Prime Minister of Montenegro has been revealed to be one of the early investors of Kwon Do-hyung's Terraforms Lab.

Montenegrin daily newspaper Vijesti reported that an Excel dataset submitted to the U.S. District Court for the Southern District of New York on Tuesday indicated that Prime Minister Milojko Spajić was the 16th investor in a list of 81 early investors of the controversial crypto firm when it was founded in April 2018.

The data includes corporations and individual investors, while showing that the prime minister purchased 750-thousand Luna coins at 10 cents each on April 17, 2018.

Spajić, who took office in December 2020, previously claimed that he and the company he worked for at the time were defrauded of 75-thousand U.S. dollars by investing in Terraform Labs in early 2018.

Kwon, one of the co-founders of the controversial cryptocurrency firm, was arrested in Montenegro on March 23 last year on charges of passport forgery and remains detained there as the processing of his extradition continues.