Seungri Reportedly Embezzled Funds From Burning Sun
The latest report by Joongang Ilbo, released April 3, quotes a police source saying that some funds from Burning Sun were traced to bank accounts under different names, after which they were routed to Seungri.
According to the report, police found these suspicious accounts while tracking the flow of Burning Sun’s capital, after which they began a deeper investigation. They then summoned five individuals whose names were on the accounts and obtained testimony that “the accounts were used in relation to Seungri.”
Investigative authorities stated on April 2 that they suspect Seungri and the management of Burning Sun rerouted funds from the club not for tax evasion, but for personal use, and that the embezzled funds are tentatively estimated at tens of millions of won (approximately tens of thousands of dollars).
Previously, Seungri and former Yuri Holdings CEO Yoo In Suk were booked for embezzling from the club Monkey Museum.
A police source stated, “Though we can’t reveal specifics on the matter, we have already completed review of legal precedent in order to prove these crimes.”
Meanwhile, Seungri’s legal representative said, “We need to undergo questioning for these charges before we can release a statement.”