K-pop mogul Bang Si-hyuk, the man who created supergroup BTS, could be arrested on charges of fraudulent trading before his $7.3bn company went public.
South Korean police have asked prosecutors to request a court warrant over accusations that he misled investors in 2019, by claiming a public listing for his conglomerate Hybe was not likely, while secretly preparing for it.
Hybe debuted on South Korea's Kospi bourse in October 2020, and police allege Bang pocketed some 200bn won ($136m; £101m) as a result. He denies the allegations.
The case against Bang is long-running and has seen raids at Hybe's headquarters, some of his assets frozen and calls for him to step down as company chairman.
The 53-year-old has maintained that his actions were above board. He has been banned from travelling abroad since August while the investigation is carried out.
