New Delhi, May 31 -- As BTS moves closer to a long-awaited reunion, their agency Hybe is facing serious questions at the top. Chairman Bang Si-hyuk is reportedly under investigation by South Korea's financial watchdog over alleged fraud and unfair trading practices.

Local media reports say the Financial Supervisory Service (FSS) is examining claims that Bang misled early investors during Hybe's pre-IPO phase in 2019. Investigators are said to have evidence that Bang privately told some institutional investors that a public listing was unlikely - while still preparing for an IPO.

Bang allegedly struck profit-sharing deals with private equity funds linked to acquaintances and made around 400 billion won (roughly £228 million) after H...