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HYBE chairman Bang Si-hyuk under scanner over alleged financial misconduct

Bang Si-hyuk faces arrest over alleged financial misconduct linked to HYBE’s IPO. Authorities accuse him of misleading investors, while he denies wrongdoing as the case raises concerns over corporate governance

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Bang Si-hyuk

Bang Si-hyuk

Bang Si-hyuk, the influential music executive behind HYBE and global K-pop sensation BTS, is facing serious legal trouble as South Korean authorities move to secure his arrest over alleged financial misconduct tied to the company’s past public listing.

Bang Si-hyuk gets arrested

According to reports, police have sought an arrest warrant for Bang as part of an ongoing investigation into alleged violations of capital market laws. The case centres around accusations that he misled early investors in 2019 by claiming that HYBE had no plans to go public, while allegedly encouraging them to sell their shares to a private equity fund linked to his associates.

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