Arrest warrant for Seungri, ex-member of Big Bang is rejected on May 14.
The court said there was "room for dispute" for criminal liability over Seungri and Yoo In Sek's alleged embezzlement including relation to the legal charges of corporations, the legal nature of the holdings of Yuri Holdings and Burning Sun, the composition of shareholders, the withdrawal of funds, and the use of funds.
The judge also added that "Regarding the remaining charges, it is difficult to recognize the reasons for the arrest and there was little concern when considering extent of the allegations, the extent of the suspect's involvement, the investigation process so that we can not recognize the necessity of the arrest of the suspect and dismiss the arrest warrant."
Seungri, and his business partner Yoo In-suk's arrest warrant were reviewed from 10:30 AM on May 14 at Seoul Central District Court.
Seungri and Yoo In-suk are accused of said to have procured a dozen prostitutes for would-be investors of their businesses in 2015 and and having hosted women in the victim's birthday party in Palawan, Philippines. They are also charged with embezzling 530 million won (S$612,000) from the Burning Sun club as well as in funding through investment company Yuri Holdings.
Police has also found about 2 billion won in embezzlement from Burning Sun by Seungri and Yoo In Seok.
Written by Yoon Sang Geun
Translated by Lee So Yun
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