South Korean police are seeking an arrest warrant for Bang Si-hyuk, the chair of BTS agency HYBE, over an alleged investor fraud scheme.
The music mogul is facing arrest after the Seoul Metropolitan Police Agency expanded an investigation alleging Bang illegally gained more than $100M, requesting a court warrant from Bang’s arrest, the Associated Press reported.
A statement from Bang’s legal counsel said in a statement to Deadline: “We regret that a detention warrant has been sought despite our full and consistent cooperation with the investigation over an extended period. We will continue to cooperate with all legal procedures and will make every effort to present our position clearly.”
Bang has previously denied wrongdoing.
Watch on Deadline
The allegations against Bang arose in November last year that he had told investors back in 2019 that K-pop giant HYBE had no plans
...Keep reading this article on DEADLINE.
