South Korean police have requested an arrest warrant for Bang Si-hyuk, chairman and founder of HYBE, over alleged fraudulent stock trading.
Bang is accused of deceiving early investors before HYBE's IPO, allegedly securing nearly $130 million through unfair profit-sharing with a private equity fund.
Bang denies wrongdoing; the case presents a major challenge for HYBE as BTS resumes global activities after a hiatus for military service.
If convicted, could the 'mastermind of BTS' face life in prison for investor fraud?
Could fraud allegations against HYBE's founder derail BTS's global comeback tour?
With its chairman facing arrest, is K-pop giant HYBE vulnerable to a management shake-up?
Does this high-profile case signal a wider crackdown on K-pop's financial practices?
Why would the US Embassy reportedly intervene in a South Korean criminal investigation?