Why police are seeking to arrest billionaire K-pop mogul behind BTS

Bang Si-hyuk, who created the supergroup, denies defrauding investors before his $7.3bn company went public.

South Korean police are seeking the arrest of Bang Si-Hyuk, chairman of Hybe, over allegations of investor fraud exceeding $100 million. Authorities allege he misled investors in 2019 by claiming Hybe had no plans to go public, prompting them to sell shares before the company's IPO. Police believe he was rewarded through a secret deal that promised 30% of post-IPO profits, totaling approximately $136 million.

South Korean police are seeking to arrest Bang Si-Hyuk, chairman of the agency behind K-pop supergroup BTS, over allegations of illegally gaining more than $100 million in an investor fraud scheme. The Seoul Metropolitan Police Agency has asked prosecutors to request a court warrant for his arrest.

South Korean police are seeking to arrest Bang Si-Hyuk, ... . The Seoul Metropolitan Police Agency has asked prosecutors to request a ... his arrest.

South Korean police are seeking to arrest Bang Si-Hyuk, ... over allegations of illegally gaining more than $100 million in ... . The Seoul Metropolitan Police Agency has asked prosecutors to request a ... his arrest.

South Korean police are seeking to arrest Bang Si-Hyuk, ... over allegations of illegally gaining more than $100 million in ... . The Seoul Metropolitan Police Agency has asked prosecutors to request a ... his arrest.