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Seungri sued by company of singer Shin Eun Sung for withholding real estate investment profits

By beansss   Tuesday, February 21, 2017   94,695   7,692   38
Big-Bang,Seungri

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According to media outlet The Fact, an entertainment company 'C' has filed a lawsuit against Big Bang's Seungri, on the basis that he and company 'J', a real estate investment company owned by Seungri's father, withheld real investment profits belonging to both parties. 


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Back in December of 2015, Seungri had filed a lawsuit against a female singer named Shin Eun Sung, who had been under company C and had borrowed money from Seungri for a real estate investment venture. The reported loan amount for the lawsuit then had been 2 billion KRW (~ 1.7 million USD) plus an added 50 million KRW (~ 43,000 USD), but after some time, the lawsuit was ultimately cancelled, and the issue worked out over discussion. 


However, a second lawsuit has come to attention, filed this past February 13 by company C surrounding the same land with which singer Shin had sought to pursue her real estate investment venture. According to company C, "We contacted the notarized contract holders company J, and the owner of the land Lee Seung Hyun (Seungri's real name), regarding the profits earned from an increase in the land's value several times, but we were not able to communicate with them, and as a result have filed a lawsuit." Company C is asking for "the return of profits earned from the real estate investment." 


It's said that the price of the land when first purchased in 2014 was approximately 3.4 billion KRW (~ 2.9 million USD), but has now risen to approximately 8 billion KRW (~ 6.9 million USD). It's assumed that company C is attempting to receive a portion of the land's profits from company J by arguing on the basis of the contract that both parties signed when carrying out the real estate investment venture back in 2014, involving singer Shin. 


Company C also claims that it is false that Shin refused to contact Seungri regarding the loaned amount from the previous lawsuit. When The Fact attempted to seek out Seungri's parents' sides by visiting the cafe owned by them, an employee of the cafe said, "The parents are such good people, it's hard to believe that they are involved in this kind of lawsuit at all... Whether it's something good or bad, it seems they are reluctant to come in contact with the media for fear that they might have a negative effect on their son." 


Stay tuned for updates. 

  1. Big Bang
  2. Seungri


AshleySummer Thursday, March 9, 2017

omg

kiko_san Tuesday, February 21, 2017

this what TOP is saying to him he trusted to much and he worried about him sometimes and this is it . he will loss a lot of money because of trusting people doing business and doesn't know if that person should be trusted or not. TOP seen some of his business venture to those people and he said some of them cannot be trusted... prayers for Seugri if he lost on this he surely lost a lot of money he worked hard for it. so Sad and my heart is crying for him.

KpopRox94 kiko_san Friday, February 24, 2017

Well if he did nothing wrong I'm sure he will win this one. I have faith in him.

Cherry_Peche Tuesday, February 21, 2017

Disgusting people are taking advantage of Seungri's leniency. Unfortunately, he was too kindhearted for his own good and really shouldn't have dropped the lawsuit back in 2015 in the first place.

ajul Tuesday, February 21, 2017

so now i can ask profit from those that money i borrowed ...nice...

yelloworange223 Tuesday, February 21, 2017

what?she borrowed money from seungri and invested to seungri business so she wants to share the profits???

eirayza Tuesday, February 21, 2017

sounds like company c is in serious need of money... is this a second lawsuit with Seungri's company?

kpoplolita Tuesday, February 21, 2017

anyone can file a lawsuit but watever the laws are whoever is in the wrong will pay up. hope this geTS HAndled privately

Aki06 Tuesday, February 21, 2017

Isn't  C involved with 7 lawsuit and tax default? The reason top was worried about seungri and his business

crowboy Tuesday, February 21, 2017

Honestly even celebrities need financial advisors. Reputation matters for further investments, and even more simply because he's a celebrity. Still entangled with people who conducted business poorly with him, now he's apparently conducted business poorly with them... Hopefully the whole thing is just sorted out and they (as in, everyone involved on either side) cut ties.

elngd Tuesday, February 21, 2017

So funny that they bring other names like 'C' or 'J' but the when it comes to seungri they use his full nam! Well it's nothing surprising about medias! All they care about is money and attention! Nothing else!!

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