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Posted by jennywill AKP STAFF 17 days ago

Seungri reported to have had 40% in shares at 'Burning Sun', contrary to what he claimed

Seungri had 40% of the shares at 'Burning Sun'.

When the controversy started, Seungri had claimed originally that he was only part of the promotions, and that from the beginning, he had no part in either managing or running it. However, 'Yonhap News' has received documentation showing that Seungri's Yuri Holdings held 40% of the stocks at 'Burning Sun' as of November 2017. Currently, Yuri Holdings has 20% of the shares.

'Yonhap News' reported that an insider at 'Burning Sun' told them that the other half had gone to the controversial Madam Lin

In response, Yuri Holdings said, "Madam Lin was a foreigner and her investment documents were not ready at the time. We signed a founding contract with her and contracted to give her the 20% at a later time. Seungri did not know of the exact percentages at the time of the contract."

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Drogo24 17 days ago 13
17 days ago

Just admit everything and go to prison for a few years to redeem yourself.


13 more replies


Just_dance 17 days ago 1
17 days ago

So he only owns 20% because the other 20% was only done under him while they waited for the other partners documentation... hmm so what’s the scandal . Click bait


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