Seungri And Yoo In Suk Booked For Embezzling From Burning Sun

Apr 11, 2019

According to a new report by Star Today, Seungri and former Yuri Holdings CEO Yoo In Suk have been booked on suspicions of embezzling funds from Burning Sun.

Authorities traced a portion of Burning Sun’s capital to Seungri and Yoo In Suk after it was moved through various accounts and other abnormal routes, and they have obtained testimony from someone related to the matter.

Police have also booked the CEO of Jeonwon Saneop, a company that holds 42 percent share of Burning Sun, after finding that funds from the club had also been moved to the company through methods similar to Seungri and Yoo In Suk.

Investigations are ongoing, and authorities are currently performing a search and seizure at the offices of Jeonwon Saneop and Yuri Holdings for financial records. Police estimate that the embezzled funds amount to tens of millions of won (approximately tens of thousands of dollars). A source stated that some suspicions have already been confirmed, and added, “Because the embezzled amount could increase after investigations, we cannot reveal any specifics at this time.”

Previously, Seungri and Yoo In Suk were booked for embezzling from the club Monkey Museum.

In addition to embezzlement, Seungri is under investigation for prostitution mediation, bribery, and sharing illegally taken footage.

Source: Soompi