YG Entertainment employees steals from the stars’ pay

One of Korea’s big entertainment agency, YG Entertainment, well-known through popular idol artists such as Big Bang, Seven, and 2NE1, falls into another crisis.


Currently, 3 people are being kept in the police station for stealing the payments of the stars under YG Entertainment, including, Big Bang and 2NE1. The amount totals up to about 2,500,000 dollars.

These people who had been working in YG Entertainment as managers and secretary starting taking the money since 2004 and including last year, they were able to continually take money from the big business for 4 years eventually totaling up to 2,500,000 dollars. Other than that, they are also known to have used the money for personal investing fees in stocks and also for their daily lifestyle.


Source: kbites

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Three former managers that worked at YG Entertainment have reportedly stolen around $2 million dollars from various performers' payments and concert fees.

Seoul Center Court reported that these ex-managers took the performers' payments and put the money in bank accounts with fake identities. They used the money for their daily needs and for entertainment expenses such as clubbing and drinking.

The court is also charging three club owners related with Yang Hyun Suk. These club owners are charged for not paying the right amount of taxes they should have paid; they avoided $1 million worth of taxes. The three owners have collected club entry fees in cash for 4 years to spend it for their own good. The tax agency first reported this problem and detectives have been secretly investigating YGE for months.

The court hasn't charged the managers yet, but the police have gathered substantial evidence to confirm that such corruptions have taken place.

When will this chain of controversies ever end?

Source: ISplus



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