Police To Reportedly Question Yang Hyun Suk And Seungri This Week + Receives Assistance From U.S. Authorities
On August 25, No Cut News reported that the Korean National Police Agency made an official request to the United States Department of the Treasury to send over YG Entertainment USA’s (hereafter YG USA) bank account data. This is to check whether Yang Hyun Suk used YG USA’s funds for gambling in Las Vegas.
As previously described by JTBC’s “Spotlight,” YG USA is a small corporate body with annual sales of 20 million won (approximately $16,500). However, its subsidiary had annual sales of 2.2 billion won (approximately $1.8 million) and expenses of 2.3 billion won (approximately $1.9 million) with a starting capital of zero won, meaning that it is most likely a paper company (a company that exists solely for financial reasons and has no operations).
The report further states that the initial gambling suspicions were brought to light when the United States Department of the Treasury informed financial and investigative authorities in Korea about the fact that Yang Hyun Suk and Seungri had bought casino chips with large sums of money but had no records having wired money from Korea.
Meanwhile, in a previous press conference, the police had stated that they were not looking into suspicions of embezzlement, but if evidence indicates that Yang Hyun Suk used YG USA’s funds for gambling, they will begin investigating suspicions of embezzlement as well.
Also on August 25, a source from the police revealed that they plan to call Yang Hyun Suk and Seungri in for questioning within the coming week. They will reportedly be called in separately, and there is a possibility that they will be summoned privately.
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