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Bang Si-Hyuk Arrested in Hybe Fraud Scandal
Description
South Korean police are set to arrest Bang Si-Hyuk, the billionaire chairman of Hybe, amid allegations of a $136 million investor fraud scheme. Hybe, known for K-pop giants BTS, is accused of misleading shareholders and scoring a secret side deal during an IPO. Bangs team denies wrongdoing, but the arrest comes as BTS embarks on a world tour. Hybe, founded by Bang in 2005, has also faced internal drama, including a court feud with producer Min Hee-Jin.
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