Father B.I under investigation for embezzlement and lying about company matters 

Father of iKON\'s B.I detained and under investigation for embezzlement and lying about company matters

According to Korean media reports, the father of iKON\'s B.I is currently being detained and investigated for allegedly spreading false information about his company and embezzling money. 

According to the Southern Seoul Distribution Prosecutor\'s Stock Crime Joint Investigation Team, B.I\'s father

Kim Jung Joo has been detained for breaking the Capital Market Act. He and an accomplice are being charged with deceiving investors with false company statements to raise 18,100,000,000 KRW (approximately $17 million) and embezzling 2,390,000,000 KRW (approximately $2.2 million) of company funds. 

SEE ALSO: [DEBATE] Should Jung Jin Hyung and Yang Hong Seok stay with YG?

Kim Jung Joo is the CEO of Seunghwa FreeTech, and while he was obtaining the shares to take over the company in February, he made it appear to investors as if the money he was receiving through stock-collateral loans was actually his own private capital. Through this false information, he raised 18,100,000,000 KRW from June to August, and embezzled 2,390,000,000 KRW, 10.7% of company funds.

B2ST gift fans with a new MV version of \'12:30\'

Woollim Entertainment to take legal action against person cl...

EXO\'s Chanyeol apologizes for handing the bouquet to the wro...

Next week\'s \'Running Man\' with Super Junior, Narsha, Bobby K...

Sunny becomes shocked by her tarot readings on \'Roommate\'

\'Weekly Idol\' writer criticizes VIXX\'s Leo for his aloof att...

International netizens find Zico\'s \'Tough Cookie\' MV offensi...

Taeyeon goes on an unfollowing spree on Instagram, unfollowi...

Winner (Hyomin) - [Tournament] Best Idol Rapper in K-pop

Super Junior\'s Sungmin admits the marriage rumor is true wit...

Please choose your reason for reporting this comment.