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    Home»Bollywood»Why Did BTS Company HYBE's Founder Bang Si-Hyuk Face An Accusation of Over 400 Billion KRW Inventory Fraud?
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    Why Did BTS Company HYBE's Founder Bang Si-Hyuk Face An Accusation of Over 400 Billion KRW Inventory Fraud?

    Heena SinghBy Heena SinghJuly 10, 20254 Mins Read
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    Why Did BTS Company HYBE's Founder Bang Si-Hyuk Face An Accusation of Over 400 Billion KRW Inventory Fraud?
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    Why Did BTS Company HYBE's Founder Bang Si-Hyuk Face An Accusation of Over 400 Billion KRW Inventory Fraud?
    BTS Company HYBE’s Founder Bang Si-Hyuk In Sizzling Water(Picture 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 Large Hit Leisure. In accordance with many reviews that surfaced from investigative sectors, the chairman had allegedly signed just a few confidential shareholder agreements with non-public fairness companies.

    Earlier than HYBE was publicly listed, these agreements have been made, together with Stick Funding, Eastone Fairness Companions, and Newmain Fairness. Bang was alleged to get 30% of the capital good points 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.

    In the course of the IPO course of, these agreements weren’t disclosed, and due to omitting this data, 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 said 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 current 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 underneath the classes of the Monetary Providers Fee’s (FSC) Securities and Futures Fee (SFC). As CMIDC pushed the case to SFC, it means there’s some stable 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 facet, then Bang Si-Hyuk would possibly face the ultimatum of prison fees for fraudulent and unjustified buying and selling underneath Korea’s Capital Markets Act.

    See also  When Lakshya’s Failure Left Farhan Akhtar Depressed: “It Took Me A Year & A Half…”

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

    As quickly because the information broke out within the media, HYBE took fast 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 said their concern in regards to the harm it has brought about the general public. HYBE continued to elucidate 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 that they had adopted all of the authorized necessities throughout their public itemizing again then and that it would take a while to clear the allegations.

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

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

    Should Learn: Park Hyung Sik Turns Villain In Twelve & Followers Are Already Obsessed, Calling Him “The Most Good-looking Villain!”

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