Bang Si Hyuk Shows Up At Photo Line For First Police Interrogation

HYBE’s chairman Bang Si Hyuk appeared for police questioning on September 15 at 10 AM KST.

He is being questioned by the Seoul Metropolitan Police Agency’s Financial Crimes Investigation Unit as a suspect in connection with alleged violations of the Capital Markets Act.

Bang Si Hyuk To Face Formal Interrogation Over Alleged Financial Crimes

Dressed in a suit, he appeared at the photo line with a gaunt face and briefly apologized.

I apologize for causing concern due to my actions. I will faithfully cooperate with the police investigation today.

— Bang Si Hyuk

This is Bang’s first time appearing before authorities for questioning. He is accused of deceiving existing investors about the company’s lack of plans for an IPO in 2019 and then selling their shares to SPC, established by a private equity fund funded by HYBE executives.

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