BTS agency founder faces arrest for fraud
India, April 22 -- South Korean police said on Tuesday they are seeking to arrest music mogul Bang Si-Hyuk, chairman of Hybe, the agency behind K-pop supergroup BTS, as they expand an investigation into allegations that he illegally gained more than $100 million in an investor fraud scheme. Bang's legal team told The Associated Press that police were seeking his arrest "despite our full and consistent cooperation with the investigation over an extended period." Bang, who has been barred from leaving the country since August, is being investigated over allegations that he misled investors in 2019 by telling them Hybe had no plans to go public, prompting them to sell their shares to a private equity fund, before the company proceeded with an ...
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