Her label manages major K-Pop artists including multiple EXO members.
The CEO of ONE HUNDRED, a major K-entertainment company, has been arrested on charges of fraud.
According to reports, on August 3 (KST), the Seoul Central District Court issued an arrest warrant for CEO Cha Ga Won, who is facing charges of fraud under the Act on the Aggravated Punishment etc of Specific Economic Crimes. She is reportedly being detained at the Seoul Mapo Police Station.
Cha stands accused of proposing a business venture to a company called Knowmerce Corp., using the intellectual property (IP) of the artists under her agency. She reportedly signed a contract and received an advanced payment of ₩24.2 billion KRW (about $16.9 million USD) but failed to carry out the business. Investigation revealed that the total scale of the alleged fraud was around ₩30.0 billion KRW (about $21.0 million USD), since she also received a ₩5.40 billion KRW (about $3.78 million USD) deposit from an acquaintance under the pretext of entering into a “jeonse” contract and then failing to honor the agreement.
The Financial Crime Investigation Unit of the Seoul Metropolitan Police Agency, which investigated the case, had previously requested an arrest warrant for CEO Cha from the Seoul Central District Prosecutors’ Office twice in June last year. However, both requests were rejected. Consequently, the police filed a third request for an arrest warrant last month and, during the process, they collaborated with the prosecution on additional investigative measures, such as tracking CEO Cha’s accounts and further analyzing contractual relationships. On July 27, the Human Rights Protection Department of the Seoul Central District Prosecutors’ Office summoned CEO Cha for a pre-arrest warrant interview and subsequently requested an arrest warrant for her the following day. During the interview, she reportedly argued that she would have been able to repay all advance payments and other obligations had the business actually proceeded as planned.
Since Cha Ga Won’s arrest warrant was issued citing a risk of evidence destruction, she is expected to be detained until the necessary investigation is over.
Meanwhile, Cha Ga Won has been involved in multiple controversies in recent months, including a dating rumor with EXO‘s Baekhyun and allegations related to Lee Sung Gi‘s luxury villa.
Lee Seung Gi Addresses Allegations Of His Luxury Villa Fueling Shady Loans And Deposits
News#Major #KPop #Lables #CEO #Arrested #Alleged #Fraud1785864340
Our Responsibility, Duty, and Mission
At kbjfans, our mission is to build the most secure, authentic, and engaging platform for Korean KBJ enthusiasts worldwide. We are committed to protecting the privacy of our top models and our loyal community. Every exclusive 4K video, private photo album, and live broadcast highlight is carefully curated to ensure you receive only the highest quality content. We take our responsibility seriously: zero tolerance for leaks, 100% verified creator partnerships, and a safe, ad-free environment for you to support your favorite Korean KBJ stars.