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    Home»Bollywood»BTS Company HYBE’s Founder Bang Si-Hyuk Accused Of 400 Billion KRW Inventory Fraud – What’s Going On?
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    BTS Company HYBE’s Founder Bang Si-Hyuk Accused Of 400 Billion KRW Inventory Fraud – What’s Going On?

    Heena SinghBy Heena SinghJuly 10, 20253 Mins Read
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    BTS Company HYBE’s Founder Bang Si-Hyuk Accused Of 400 Billion KRW Inventory Fraud – What’s Going On?
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    BTS Company HYBE’s Founder Bang Si-Hyuk Accused Of 400 Billion KRW Inventory Fraud – What’s Going On?
    BTS Company HYBE’s Founder Bang Si-Hyuk In Sizzling Water(Photograph Credit score –Instagram)

    BTS’ company HYBE chairman and founder Bang Si-Hyuk has been accused of alleged capital market violations involving the corporate’s IPO course of. For individuals who don’t know, this case dates again to 2020, earlier than HYBE entered the inventory market and operated as Huge Hit Leisure. In line with many stories that surfaced from investigative sectors, the chairman had allegedly signed a number of confidential shareholder agreements with personal fairness corporations.

    Earlier than HYBE was publicly listed, these agreements have been made, together with Stick Funding, Eastone Fairness Companions, and Newmain Fairness. Bang was speculated to get 30% of the capital beneficial properties if the corporate went public inside the given deadline. Upon failing, the chairman was supposed to buy the shares at their unique worth. Whereas HYBE went public, Bang reportedly obtained 400 billion KRW.

    Throughout the IPO course of, these agreements weren’t disclosed, and due to omitting this info, it impacted the share costs. Early traders began to say that they suffered monetary loss. As the general public interference constructed up, monetary regulators and regulation enforcement issued separate investigations into the matter. On July 9 (by way of Pinkvilla), the monetary regulators formally acknowledged that the Capital Market Investigation Deliberation Committee (CMIDC) has reviewed the case.

    The Monetary Supervisory Service (FSS) has concluded that HYBE’s Chairman, Bang Si-hyuk, engaged in fraudulent and unfair buying and selling in violation of the Capital Markets Act throughout HYBE’s IPO course of.

    In 2019, Bang misled present traders by stating there have been no plans for a… pic.twitter.com/uNburYbU4z

    — luna ୨ৎ (@luenacore) July 4, 2025

    CMIDC Refers Case To Securities Fee, Potential Prison Prices Loom

    For individuals who don’t know, CMIDC works beneath the classes of the Monetary Companies Fee’s (FSC) Securities and Futures Fee (SFC). As CMIDC pushed the case to SFC, it means there’s some strong seriousness within the allegation in opposition to Bang’s identify. SFC has scheduled a gathering on July 16. After the assembly, if SFC decides to take the committee’s aspect, then Bang Si-Hyuk may face the ultimatum of legal prices for fraudulent and unjustified buying and selling beneath Korea’s Capital Markets Act.

    See also  Coolie Kerala Field Workplace: Rajinikanth and Lokesh Kanagaraj's movie begins to crack, grosses Rs 18.75 crore

    Regulation enforcement had beforehand issued search warrants twice, however the HYBE prosecutors rejected each instances. Now, the whole lot will likely be cleared up after this assembly on July 16 concerning whether or not Bang Si-Hyuk will likely be prosecuted for his crime or not.

    As quickly because the information broke out within the media, HYBE took speedy motion and shared an official assertion concerning the matter. Whereas they expressed their remorse over the fixed consideration that the IPO course of has obtained, they even acknowledged their concern concerning the harm it has brought about the general public. HYBE continued to clarify that they’re “actively cooperating with monetary regulators and the police by offering detailed explanations and related supplies associated to the matter”. The company additional assured that they’d adopted all of the authorized necessities throughout their public itemizing again then and that it’d take a while to clear the allegations.

    Simply after the BTS members have been discharged from their navy service and have been planning their comeback quickly, the company’s chairman and founder received embroiled in such an argument.

    For extra of the newest Korean updates, keep tuned to Koimoi!

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