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Posted by beansss AKP STAFF Wednesday, June 19, 2019

Police allegedly suspecting ~1billion KRW of embezzlement charges on Seungri & Yoo In Suk, but no plans to request arrest warrant yet

AKP STAFF

According to media outlet reports on June 19, the intellectual crime division of the Seoul central district police station is suspecting an amount of over 1 billion KRW (~ 851,000 USD) in embezzled funds, misappropriated by former Big Bang member Seungri and former Yuri Holdings CEO Yoo In Suk.

According to the intellectual crime division, "We've concluded that Seungri and Yoo In Suk were colluding with Taiwanese investor Madame Lin in the process of their embezzlement."

Previously, police requested arrest warrants against Seungri and Yoo In Suk for various charges, including the embezzlement of approximately 530 million KRW from club 'Burning Sun's revenues. However, during the ongoing investigation process, the intellectual crime division allegedly discovered that of a total amount of 1.8 billion KRW (~ 1.5 million USD) embezzled from 'Burning Sun's revenues since the club's opening, nearly half of that amount, 1 billion KRW, was misappropriated by Seungri and Yoo In Suk. Police are suspecting 'Burning Sun' chief executives Lee Sung Hyun and Lee Mun Ho of embezzling the other 42%. 

Furthermore, police are allegedly suspecting the above members of misappropriating business funds from 'Burning Sun' even during periods of negative revenues. Police coined this suspicion as the primary reason for incorrect balance records within 'Burning Sun's system. 

Meanwhile, back on May 8, police requested arrest warrants against Seungri and Yoo In Suk for a number of criminal charge suspicions; however, the prosecution dismissed the arrest warrant requests on the account that the criminal suspicions listed were questionable. Currently, police do not have plans to request additional arrest warrants against Seungri and Yoo In Suk. 

  1. Seungri
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hiroonakamura555 pts Wednesday, June 19, 2019 0
Wednesday, June 19, 2019

so the police are ALLEGEDLY suspecting them? can't we stop with these alleged articles? write an article when there's something concrete to write about instead of guessing all the time.

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tikomont1 pt Wednesday, June 19, 2019 0
Wednesday, June 19, 2019

Show us the evidence!! If he's wrong then bring him to the prosecutor and charge him. But if you , in the past 6 months got no proofs to charge him and are still making allegations like drugs issue, Prostitution, rape, embezzlement without showing us that he was directly implicated in these issues, I really hope that he'll sue you big time.

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