BTS Creator to Face Prosecution Probe for Defrauding Investors

BTS creator to face prosecution probe for defrauding investors

Financial authorities are planning to refer HYBE Chairman Bang Si-hyuk to prosecutors on charges of securities fraud, industry officials said Wednesday. Bang is alleged to have defrauded investors and...

HYBE vows ‘cooperation’ with authorities as South Korea financial regulator prepares to refer Bang Si-hyuk to prosecutors (report)

South Korea's securities watchdog voted to refer HYBE Chairman Bang Si-hyuk to prosecutors. Source

Bang Si Hyuk and 3 HYBE Executives to Be Criminally Charged

Credit: MBC Financial authorities have decided to file a criminal complaint with the prosecution against Bang Si Hyuk, the chairman of the entertainment corporation HYBE, on charges including stock market fraud. The allegation is that during the process of taking HYBE public, he deceived existing investors by claiming there were no plans for a stock market listing, induced them to sell their shares, and then reaped profits amounting to 200 billi…

HYBE Promises Full Cooperation In Ongoing Financial Fraud Investigation Being Held Against It

The  K-pop entertainment company, HYBE,  has come under hot water for allegedly committing financial misconduct. Now, the company has addressed the escalating controversy around its initial public offering (IPO). Bang Si Hyuk, the CEO of the company, is currently being investigated for securities fraud. In a statement issued on July 9th, HYBE addressed the accusations and promised their complete cooperation and transparency during the ongoing in…

HYBE Chairman Bang Si Hyuk Responds to 200 Billion Won IPO Fraud Allegations - K-POP NEWSWIRE

HYBE’s founder and chairman, Bang Si Hyuk, has spoken publicly for the first time since reports surfaced accusing him of stock market fraud worth 200 billion won. On July 9, HYBE issued an official statement addressing the swirling allegations linked to its initial public offering (IPO) process.  The company apologized for causing concern, saying, “We sincerely apologize for causing concern due to the recent news related to our company’s listing…

Bang Si Hyuk To Be Reported To Prosecutors Over Allegations Of Violating The Capital Markets Act, HYBE Issues Response - JazmineMedia

HYBE Chairman Bang Si Hyuk is set to be reported to prosecutors over allegations of violating the Capital Markets Act during HYBE’s IPO process.