HYBE CEO Bang Si-hyuk under investigation for ₹2,500 crore fraud
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.