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Police raid Hybe over founder's alleged unfair trading
Police investigating allegations of fraudulent stock deals by Bang Si-hyuk, chairman and founder of K-pop powerhouse Hybe, raided the company's headquarters in Seoul on Thursday. The Seoul Metropolitan Police Agency said it sent investigators to Hybe's head office in the Yongsan district in the morning to seize materials related to the allegations.
The three individuals sentenced for insider trading did all, at some point, actually work for HYBE (as MBW reported in the first place).
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BTS agency HYBE raided over alleged fraud trading
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Police are currently conducting a search and seizure on HYBE following allegations of fraudulent trading. On July 24, the ...
HYBE stock was down this week following fraud allegations against Chairman Bang and the convictions of three employees for ...
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