SBS and reporter Kang Kyung Yoon have revealed a new set of chat logs showing Seungri‘s connections to wealthy businessmen from all around Asia. They also revealed how he and some of these businessmen created a new paper company called BC Holdings.
A photo has been released by SBS, which is believed to have been taken at the time BC Holdings was established. BC Holdings was established by Seungri and Yoo In Suk as the investment company for Yuri Holdings. BC Holdings is currently embroiled in controversy, as it is suspected to be a paper company.
In the picture, a woman in her 20’s could be seen. This woman is the daughter of Singaporean soccer club owner Mr. A, who Seungri is suspected of arranging sexual favors for. Seungri and Yoo In Suk both maintain their stance that they never arranged sexual favors for Mr. A, because he was not an investor and they had no reason to do such a thing.
The man standing next to Yoo In Suk is suspected to be Mr. A. SBS came to this conclusion as Mr. B, a 2nd generation heir of a Vietnamese construction company, posted on his personal SNS the photo and names of the people involved, referring to them as BC Holdings Investors.
SBS also revealed a chat log, showing Seungri, Mr. Kim, and Yoo In Suk discussing setting up sexual favors for an unnamed businessman, suspected to be Mr. A.
Mr. Kim: I’ll go and take care of the two main areas and the security. Take good care of him.
Seungri: Sure, and the girls? How about the easy girls?
Mr. Kim: I’m calling them but I want to give him them. I’m calling Ssanmai first.
Seungri: Anyway, do well.
Yoo In Suk: Right now I am preparing the girls. When the two girls come, XX will lead them to the hotel room. Take care of things so we can get there well. Is 2 enough?
Mr. Kim: Yes. I’ll send the two men to the hotel room.
When Mr. A came to Korea in December 2015, Seungri told Mr. Kim to give him the VIP area at ARENA and treat him with utmost care. A source close to both Seungri and Mr. A revealed to SBS Seungri tried very hard to get Mr. A’s investment.
I don’t know if Mr. A ended up investing in Seungri’s business or not, but Seungri put in a lot of effort to try and get Mr. A to invest in his business in 2015.
SBS has stated they cannot rule out the possibility that Seungri was providing services to Mr. A in hopes of securing his investment in BC Holdings, which was established just 3 months later, in March 2016.
At the time of BC Holdings’ establishment, multiple international investors were present. Mr. A and Mr. B were both present, as well as Japanese construction company president Mr. C. Mr. B and Mr. C were also listed as investment and business partners in Yuri Holdings. Also present was Nemo Partners‘ Ryu Jae Wook, who is also the new CEO of Aori F&B.
The “BC” in BC Holdings stood for “Billionaire Children Club”. Seungri, Yoo In Suk, and Ryu Jae Wook founded BC Holdings with a capital of just 300 HKD (about 43,000 won). Since then, BC Holdings purchased a Korean ready-made concrete company as well as a invested in several Vietnamese businesses. The National Tax Service is conducting an internal investigation on how BC Holdings raised 30 billion won in funds after starting with less than 50,000 won.