Bang Si-hyuk, Chair Of BTS Agency HYBE, Faces Arrest In South Korea

South Korean police are seeking an arrest warrant for Bang Si-hyuk, the chair of BTS agency HYBE, over an alleged investor fraud scheme.

The music mogul is facing arrest after the Seoul Metropolitan Police Agency expanded an investigation alleging Bang illegally gained more than $100M, requesting a court warrant from Bang’s arrest, the Associated Press reported.

A statement from Bang’s legal counsel said in a statement to Deadline: “We regret that a detention warrant has been sought despite our full and consistent cooperation with the investigation over an extended period. We will continue to cooperate with all legal procedures and will make every effort to present our position clearly.”

Related Stories

Indie Crush: Riz Ahmed Is 'Hamlet', Thriller 'Exit 8', 'The Christophers', 'New 'Faces Of Death' & BTS - Specialty Preview