Seoul police have applied for a warrant to detain Bang Si-hyuk, chair and founder of Hybe, over alleged securities fraud tied to the K-pop conglomerate’s public listing, Reuters reported. Bang established Hybe – then known as Big Hit Entertainment – in 2005, building it into the most powerful company in the K-pop industry. The Seoul-based […]
Police seek warrant for Bang Si-Hyuk over allegations he illegally gained millions in investor fraud scheme
South Korean police are seeking to arrest Bang Si-Hyuk, the chair of the agency behind the K-pop band BTS, as they expand an investigation into allegations that he illegally gained more than $100m (£74m) in an investor fraud scheme.
The Seoul metropolitan police agency confirmed it had asked prosecutors to request a court warrant for the arrest of Bang, the founder and chair of HYBE.
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