Entertainment

BTS label HYBE raided in suspected fraud case

Police raided HYBE’s headquarters in Yongsan District, Seoul, in connection with alleged fraudulent trading involving its founder, Bang Si-hyuk. The investigation focuses on accusations that Bang misled early investors to gain illicit profits from the company’s 2020 IPO, reportedly amassing 200 billion won. HYBE denies any wrongdoing by Bang.

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