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April 21, 2026 — Seoul police have asked prosecutors to seek a detention warrant for Bang Si‑hyuk, founder and chairman of HYBE, in a widening probe into alleged securities fraud tied to the company’s 2019–2020 initial public offering.
Authorities say Bang misled early investors into selling shares to a private equity vehicle tied to his associates, then received about 30% of the fund’s post‑IPO proceeds — roughly 190 billion won (about $129 million) — in illicit gains.
Bang has denied wrongdoing and his lawyers said he has cooperated with investigators.
He has been barred from leaving South Korea since August 2025.
Police action follows raids of HYBE-related sites in 2025 and prior court approval of provisional seizures of some of his shares; any arrest would require a court hearing after prosecutors decide whether to seek a warrant.
HYBE shares fell in early trading after the announcement.
Police also said the U.S. embassy in Seoul recently sought temporary permission for Bang to travel to the United States for tour‑related events, a request the embassy declined to expand on.







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