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International Business Times UK
International Business Times UK
World
Ria Pathak

BTS Fans Debate Bang Si-hyuk Fraud Allegations: Is The HYBE Founder Being Unfairly Targeted?

Bang Sihyuk HYBE BTS Police IPO
HYBE founder and chairman Bang Si-hyuk faces fraud allegations linked to the agency’s 2020 IPO/ (Credit: Image via Wikimedia Commons/THE KOREA TIMES)

South Korean police have referred HYBE founder and chairman Bang Si-hyuk to prosecutors over suspected fraudulent trading linked to the company's 2020 IPO, prompting a fierce debate among BTS fans over whether the K-pop executive is facing legitimate accountability or disproportionate scrutiny.

According to reports, police allege Bang and associates misled shareholders in 2019 about plans for a public listing before shares were sold to a private-equity vehicle linked to him.

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