Police seek warrant for Bang Si-Hyuk over allegations he illegally gained millions in investor fraud scheme
South Korean police are seeking to arrest Bang Si-Hyuk, the chair of the agency behind the K-pop band BTS, as they expand an investigation into allegations that he illegally gained more than $100m (£74m) in an investor fraud scheme.
The Seoul metropolitan police agency confirmed it had asked prosecutors to request a court warrant for the arrest of Bang, the founder and chair of HYBE.
In a statement to the Associated Press, Bang’s legal team did not directly address the accusations but expressed regret that police were seeking his arrest “despite our full and consistent cooperation with the investigation over an extended period”.
“We will continue to cooperate with all legal procedures and make every effort to clearly explain our position,” the statement said.
