HYBE scandal: Executive resigns amid insider trading probe

read: Meet the Parents 4: Ariane Grande joins the cast of Ben Stiller and Robert De Niro’s new sequelMoreover, HYBE downplaying Lee’s role in all of this is also being seen by netizens as an attempt at damage control. His resignation comes amid a probe of HYBE’s illegal financial activities.

All about HYBE’s alleged stock fraud

According to several South Korean media outlets, police have submitted a request for a search and seizure warrant in their investigation of HYBE chairman Bang Si-hyuk over allegations of fraudulent stock transactions involving $295 million approximately.

The Seoul Metropolitan Police Agency’s financial crimes unit filed the request with the Seoul Southern District Prosecutors’ Office. The authorities are seeking to obtain documents from the Korea Exchange, Financial Supervisory Service, and securities firms to trace financial transactions.

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