Hybe Deanan Bangman Si-Hyuk referred to prosecutor about the IPO allegations

sKorea’s financial watch has decided to reference Bang Si-HyukThe President and the founder and founder of the K-Power Hybe Hybe Hybe Hybe Hygucuctors in accordance with the initial investor of the company’s offerings (IPO). This is the worst level of the most enforcement under the country’s market law.

According to the media reporting and financial acts of the recommended capital markets and futures and futures of the review of the conference.

In the center of the case is a controversy transaction in 2019, but before Hybe – start the big entertainment – start the IPO process. Bang was accused of adopting false investors that the company is not useful to sell their stock as one of his colleagues.

In fact, Hybe has initiated the IPO process, including the default auditorial and procedure of the Korean proposal. Despite this, investors who sell their shares based on the guarantee of bangs. The later hybe was launched in Korea 2020, with its ipo price at 135,000 at a time). The stock price increases up to 420,000 wins soon after registration.

Officials accused of Bang eventually received about $ 400 billion (about $ 291 million) by providing 30% of support from personal funds. Criticism

Important transactions, transactions are not released in Hybe’s securities, violating revelation requirements under the market. Under the law, financial crime involving false benefits over 5 billion performances (about $ 3.6 million) can cause practice in life

Hybe has denied any mistake, specify, “All transactions are complied with laws after precautions.” Bang has appeared before the financial regulations last month last month, said the allegations. The company has committed full cooperation in academic training and investigation of police continuously.

At the same time, the police officer launched a parallel investigation. On June 30, police attack Korea exchange offices as part of their investigation into hybe’s IPO process.