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HYBE CEO Bang Si-hyuk under investigation for ₹2,500 crore fraud
short by Ishita Ranganath / on 29 May 2025,Thursday
Bang Si-hyuk, CEO and Chairman of K-Pop group BTS' agency HYBE, is facing criminal investigation over allegations of a fraudulent stock market deal worth ₩400 billion (nearly ₹2,500 crore). In 2019, Si-hyuk reportedly misled investors by stating that there are no plans for an IPO, which was found to be false, and what convinced shareholders to sell their shares.
short by Ishita Ranganath / 02:09 pm on 29 May
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