JYP Entertainment is Being Investigated by Financial Authorities

It has been reported that JYP Entertainment is under investigated MBC’s News Desk reported on the 29th that JYP Entertainment and Guk Je Yeong Sang have been thoroughly investigated by financial authorities.

Apr 30, 2014 04:36 PM BST

TAGㆍJYP Entertainment

MBC’s News Desk reported on the 29th that JYP Entertainment and Guk Je Yeong Sang have been thoroughly investigated by financial authorities.

Reports have stated that engineering company Trigon Korea, wherein Yoo Byeong Eon’s oldest son is the largest shareholder, have received loans from some of that companies that received rescue relief funds: 2.9 billion KRW from ‘Credit Union N,’ 1.5 billion KRW from ‘Credit Union H,’ and 1.4 billion KRW from ‘Credit Union I,’ which is a total of 5.8 billion KRW (estimated to be 5.6 million USD).

When speculations were raised, wherein hundred million KRW leaking into JYP Entertainment through Yoo Byeong Eon’s which is Park Jin Young’s wife’s uncle, younger brother, the Financial Supervisory Service started looking into account activities. However, JYP has denied receiving any illegal funds.

Financial authorities have also begun investigations into Guk Je Yeong Sang, which TV actor Mr. Jun, Trigon Korea’s largest shareholder, is the chairman. The investigation which is to spculate that a mortgage of two billion KRW (estimated 1.9 million USD) taken out on the Guk Je Yeong Sang building was then routed to the Yoo family’s personal accounts.

TagㆍJYP Entertainment