BIGBANG member Seungri is suing a female singer on charges of fraud after losing over 2 billion won (approximately $1.67 million) in an investment scam.
According to a report by Channel A on January 4, the singer first suggested to Seungri that he make an investment in her real estate venture back in June of 2014. Seungri gave her 2 billion won at the time, and then another 50 million won (approximately $41,900) in August of that year when she told him further funds were required.
However, more than a year later, there have been no signs of development in the venture, and Seungri has not received any money back from his investment. Seungri therefore filed a lawsuit against the singer on December 29 of last year.
Seungri’s agency YG Entertainment first told Channel A that Seungri’s lawsuit was being filed as an individual and without any consultation with the company. Later that day, YG Entertainment stated to Ilgan Sports, “It’s very unfortunate. We will be taking joint action in this matter.”
The news outlet Sports World has now reported that the female singer is Shin Eun Sung, who debuted in 2003 and released two full albums. She formerly also operated her own talent agency, which closed last year.