Hybe Chairman Bang Si-Hyuk is being investigated for fraud, as BTS the full group of military service approaches mint mint

BTS’s agency Hybe is facing investigation while the chairman of Bang Si-Hyuk is being investigated for alleged fraud and unfair trade. Recent claims have suggested that he deceived investors during the pre-IPO phase of Hybe, which led to concerns about the group’s upcoming reunion after military service. BTS chairman Bang Sihyuk (L) is being investigated for fraud. As BTS moves closer to a long -awaited reunion, their agency is facing serious questions at the top. The chairman of Bang Si-Hyuk is reportedly investigated by the financial watchdog of South Korea on alleged fraud and unfair trade practices. According to local media reports, the Financial Supervisory Service (FSS) is investigating the claims that afraid early investors have deceived during the pre-IPO phase of Hybe in 2019. It is alleged that investigators have evidence that scared to some institutional investors said that a public listing is unlikely to be preparing for an IPO. Afraid allegedly entered into the profit-sharing agreements with private equity funds linked to acquaintances and won about 400 billion (about £ 228m) following the launch of Hybe in 2020. This transactions were not included in official filing, which could violate the Korean capital market laws. Neither Hybe nor the FSS confirmed the full details of the case, but both refused to refuse the existence of the investigation. Reports indicate that the FSS can detect the case to prosecutors quickly, with a separate police investigation also underway. Internet responds to these different people responded to this news. A user wrote on X, “All Hybe groups are built on fraudulent cards and numbers.” Another person defended Si-Hyuk and wrote: ‘No! A former Hybe/Big Hit executive officer is believed to be investigating for alleged insider trade in 2021. While some are trying to connect it to the recent Bang Si-Hyuk news, the individual concerned is no longer attached to him. ” A third person wrote: “Hybe is known for being deceitful. ‘BTS returns from the military while the situation focuses on the financial transactions of Hybe, it caused concerns among fans in the hope of a smooth return of BTS. The group is expected to be reunited later this year, as soon as all seven members have completed their military service by June 21 – the date of dismissal of Suga. Jin and J-heaps have already returned. RM and V will finish the next day on June 10, with JungKook and Jimin. Hybe confirmed that new BTS content and performances are in development. In March, CEO Park Ji-Won said members would need time to prepare creatively after their service ended.