According to Kyunghyang Shinmun on September 10, the investigation unit on the financial crimes of the Seoul Metropolitan Police Agency has planned Bang at the Mapo office on September 15 at 10 since the police in general applies public appearances, Bang will be expected through the photography of the press.
Bang is accused of misleading first investors, including risk capital companies in 2019, before Hybe he became public, supporting There were no plans for an IPO. Presumably he organized for these investors to sell their actions to a special purposes (SPC) established by a private equity fund connected to him, in violation of the capital markets act.
Based on Bang’s statements, investors sold the stakes at the SPC. However, according to the financial surveillance service, Hybe He was already in the process of requesting a auditor designated at the moment, a preliminary step towards the IPO list.
The authorities believe that Bang subsequently proceeded with the IPO and received 30% of the sale profit of the private equity fund, collecting about 190 billion KRW in unjust earnings.
The police actively pursued the case, breaking into the exchange of Korea in Yeongdeungpo on 30 June for HybeProvision materials of the listing, followed by a search for Hybe The headquarters of 24 July. In the meantime, special judicial police officers of the financial surveillance service, under the direction of the prosecutor, are also investigating the alleged fraudulent trade of Bang.
Sources: Nate
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