India, May 31 -- Ahead of BTS' discharge from military service, its record label and talent agency HYBE is in the middle of a controversy as founder and chairman Bang Si-hyuk could face investigation by prosecutors over alleged fraudulent activities. As per a KED Global report, in 2019, Si-hyuk misled shareholders by telling them that the company didn't have plans to go public, but later proceeded with an initial public offering. (Also Read | Waiting for BTS World Tour 2025? HYBE CEO shares details on when band will reunite)

The Seoul Metropolitan Police Agency has already submitted a warrant request to prosecutors for the search and seizure of HYBE's office. The Financial Supervisory Service has reportedly obtained evidence that Si-hyuk...