HYBE Fires Big Hit Music Performance Director Over $3M Fraud Allegations: Report
HYBE took strict measures against the former dance coach and performance director, for alleged embezzlement of millions of dollars. He was reportedly affiliated with Big Hit Entertainment and worked as a dance coach for their popular boy group BTS.
According to Korea JoongAnd Daily, the person in question was fired in September for disciplinary reasons. HYBE said in a statement: “The company immediately conducted an objective investigation, on the advice of an outside law firm, after the employee’s misconduct became known and the employee was dismissed following debarment and other personnel committee procedures. Following the filing of the charges, we are now pursuing legal action to remedy the damages caused to the company. We will hold him accountable with a zero tolerance policy. “
The coach is known to have forged documents in the agency’s name and allegedly embezzled nearly 5 billion won ($3.9 million) from composers, choreographers and entrepreneurs.
“The company strictly prohibits its employees from using company information, job duties or positions within the company for personal gain or to commit illegal or unfair activities. in order to avoid [employees’] Fraudulent acts that abuse their relationship with the company or friendship with artists, we constantly issue warnings to the public to prevent fraud. To prevent the recurrence of the current situation, we will strengthen the company’s measures on professional ethics education, anti-corruption and fair trade for all employees, and implement stricter measures by strengthening the internal control system,” HYBE said.
According to Korea JoongAnd Daily, the person in question was fired in September for disciplinary reasons. HYBE said in a statement: “The company immediately conducted an objective investigation, on the advice of an outside law firm, after the employee’s misconduct became known and the employee was dismissed following debarment and other personnel committee procedures. Following the filing of the charges, we are now pursuing legal action to remedy the damages caused to the company. We will hold him accountable with a zero tolerance policy. “
The coach is known to have forged documents in the agency’s name and allegedly embezzled nearly 5 billion won ($3.9 million) from composers, choreographers and entrepreneurs.
“The company strictly prohibits its employees from using company information, job duties or positions within the company for personal gain or to commit illegal or unfair activities. in order to avoid [employees’] Fraudulent acts that abuse their relationship with the company or friendship with artists, we constantly issue warnings to the public to prevent fraud. To prevent the recurrence of the current situation, we will strengthen the company’s measures on professional ethics education, anti-corruption and fair trade for all employees, and implement stricter measures by strengthening the internal control system,” HYBE said.
