{
  "id": 4592679,
  "title": "HYBE chairman to be referred to prosecution over alleged deception of shareholders: police",
  "url": "https://urgent.news/2026/08/31/hybe-chairman-to-be-referred-to-prosecution-over-alleged-deception-of-4592679",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T07:27:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/southkorea/law-crime/20260831/hybe-chairman-to-be-referred-to-prosecution-over-alleged-deception-of-shareholders-police"
  },
  "original_language": "en",
  "account": "According to police, HYBE chairman Bang Si-hyuk will be referred to the prosecution within the coming week for potential indictment on charges related to deceiving shareholders. Hong Seok-ki, the head of the National Office of Investigation, announced this during a press briefing. The investigation into Bang's alleged violation of the Capital Markets Act, which involved misleading investors into selling their stakes in HYBE before the company's IPO in 2019, began in December 2024 and intensified in July of last year. This investigation included a search of HYBE headquarters. The police were granted supplementary investigations by the prosecution but had two requests for arrest warrants denied. Police sources suggest that Bang's case is highly likely to be referred to the prosecution, though detention is not anticipated.",
  "summary": "Bang Si-hyuk, chairman of K-pop powerhouse HYBE, will be referred to the prosecution this week for possible indictment on suspicion of deceiving investors into selling their stakes in his company, police said Monday. \"We plan to forward the case to the prosecution within the week,\" Hong Seok-ki, head of the National Office of Investigation, told a press briefing. Bang is accused of violating the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Hybe chairman to be referred to prosecution over alleged deception of shareholders: police",
        "url": "https://urgent.news/2026/08/31/hybe-chairman-to-be-referred-to-prosecution-over-alleged-deception-of",
        "published": "2026-08-31T06:37:22.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "HYBE chairman to be referred to prosecution over alleged deception of shareholders: police",
        "url": "https://urgent.news/2026/08/31/hybe-chairman-to-be-referred-to-prosecution-over-alleged-deception-of-4591202",
        "published": "2026-08-31T07:22:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}