HYBE Chairman Bang Si-hyuk to be referred to prosecutors over IPO fraud allegations

Bang Si-hyuk HYBE fraudulent trading IPO investigation South Korean police

South Korean police are set to refer HYBE Chairman Bang Si-hyuk to prosecutors this week, concluding a long-running investigation into allegations of fraudulent unfair trading.

The case centers on events from 2019, prior to HYBE's 2020 initial public offering (IPO). Investigators allege that Bang misled existing investors by claiming the company had no immediate plans for an IPO. This allegedly prompted investors to sell their shares to a special purpose vehicle (SPV) connected to a private equity fund associated with Bang.

Authorities estimate that Bang may have gained illicit profits ranging from approximately 190 billion to 260 billion won through these transactions. While police previously sought arrest warrants for Bang, the prosecution twice rejected those requests, citing the need for supplementary investigations. Bang has denied all allegations, maintaining that his actions were lawful and compliant with regulations at the time.

Entities

Bang Si-hyuk · HYBE · Hong Seok-ki · Korean National Police Agency · National Investigation Headquarters

Claims

What the coverage asserts, and how many sources carry each claim.

[● 4 SOURCES] Bang allegedly misled investors in 2019 by claiming there were no plans for an IPO. k-gen.fr · www.mbn.co.kr · www.seoul.co.kr · www.sportskeeda.com
[DISPUTED] The alleged illicit gains from the transactions are estimated to be between 190 billion and 260 billion won. k-gen.fr · biz.heraldcorp.com · www.mbn.co.kr · www.seoul.co.kr · www.sportskeeda.com
[○ 1 SOURCE] Bang Si-hyuk has denied all wrongdoing and maintains his actions were lawful. www.sportskeeda.com
[● 5 SOURCES] Bang Si-hyuk is accused of fraudulent unfair trading related to HYBE's 2020 initial public offering. k-gen.fr · biz.heraldcorp.com · www.mbn.co.kr · www.seoul.co.kr · www.sportskeeda.com
[● 4 SOURCES] The police previously applied for an arrest warrant for Bang twice, but the prosecution rejected them. k-gen.fr · biz.heraldcorp.com · www.mbn.co.kr · www.seoul.co.kr
[● 5 SOURCES] The investigation into HYBE Chairman Bang Si-hyuk will be referred to prosecutors this week. k-gen.fr · biz.heraldcorp.com · www.mbn.co.kr · www.seoul.co.kr · www.sportskeeda.com

Sources

Bang Si Hyuk envoyé à la justice dans l’affaire de détournement de fonds liée à l’introduction en Bourse de HYBE [k-gen.fr]

10 days ago

기약 없는 방시혁, 김병기 마침내…국수본부장 “방시혁 금주 내 결론…김병기 수사 연장 없을 것” [세상&] [biz.heraldcorp.com]

12 days ago

'자본시장법 위반' 방시혁 수사 막바지…″이번주 중 송치″ [www.mbn.co.kr]

12 days ago

20개월 만에… 경찰, 방시혁 이번 주 檢송치 [www.seoul.co.kr]

12 days ago

HYBE Chairman Bang Si-hyuk's fraudulent trading case to be referred to prosecutors this week as police wrap up investigation [www.sportskeeda.com]

10 days ago