South Korean police seek to arrest K-pop mogul Bang Si-Hyuk over allegations of a $100 million investor fraud scheme.

Authorities are expanding an investigation into allegations that Bang Si-Hyuk illegally gained more than $100 million in an investor fraud scheme.

Bang Si-hyuk faces allegations of misleading investors in 2019. Police say he induced share sales before Hybe proceeded with its IPO.

South Korean police are seeking to arrest music mogul Bang Si-Hyuk, chairman of the agency behind K-pop supergroup BTS, as they expand an investment fraud investigation.