JTBC’s “Newsroom” reports that in addition to Yang Hyun Suk being suspected of gambling abroad, the police also plan to bring in Seungri for questioning on the same suspicions.
On the August 8 episode of the news show, it was stated that Yang Hyun Suk visited a VIP room at the MGM Hotel Casino in Las Vegas at least 11 times. It’s said that a person has to make a deposit of 1.5 billion won (approximately $1,241,000) to earn member status for this VIP room.
The police have found that Yang Hyun Suk bet over 1 billion won (approximately $827,300) and lost around 600 million won (approximately $496,200) of that.
JTBC reports that Seungri visited the VIP room of this hotel casino four times, and bet 2 billion won (approximately $1,654,000). It’s said that he mainly played Baccarat and lost about 1.3 billion won (approximately $1,075,700).
It’s reported that on each game, Yang Hyun Suk and Seungri would put down anywhere from 3 million won (approximately $2,480) to 10 million won (approximately $8,270).
Through an association for Nevada casinos, the police have acquired records of when Yang Hyun Suk and Seungri entered the casino, the number of times they gambled, how much they gambled, and whether they won or lost.
JTBC states that the internal investigation on this matter has changed to an official investigation, and the police will soon be calling in both Yang Hyun Suk and Seungri.
In March, it was reported that messages from Seungri showed references to habitual gambling abroad. Seungri later denied that he had really gambled, saying he was just “bluffing” and had lied about earning money through gambling to show off.
Because South Korea follows the Territorial Principle, Koreans can be punished for gambling abroad even if the act is considered legal by local laws.
Source (1)
Original Article:
Yang Hyun Suk is under suspicion of illicit foreign exchange and overseas gambling.
According to Ilyo Shinmun, Yang Hyun Suk was found to have engaged in unregistered foreign exchange transactions, and the police are currently suspecting that the money may have been used as funds for gambling abroad.
The police were first informed about the suspicions in April and officially began investigating the suspicions on August 7. The Seoul Metropolitan Police Agency’s Sophisticated Crime Investigation Division received the related data from the Financial Intelligence Unit (FIU) and confirmed that there were suspicious money transactions.
FIU is an organization under the Financial Services Commission that was established to prevent money laundering and illegal outflows of foreign currencies. They provide data to eight designated institutes like the police, prosecution, and the National Tax Service when necessary for investigations.
Dispatch further reported on the overseas gambling suspicions. Yang Hyun Suk reportedly used a VIP room at a hotel in Las Vegas, United States and played Baccarat. An anonymous informant stated, “There’s no need for him to take money for gambling, as he can borrow dollars locally and return the money in won in Korea. As far as I know, he usually exchanges ‘by hand.’ Someone from Yang Hyun Suk’s side personally delivers [the money] to the illicit money exchange dealer.”
According to FIU, he also used bank accounts for the illegal transactions. Approximately 1.3 billion won (approximately $1 million) were exchanged by unregistered foreign exchange transactions.
A source from the police stated in a call with Dispatch, “We are currently analyzing the data we received from FIU. We are gathering evidence regarding the overseas gambling from various sources.”
A source from YG Entertainment shared, “We also found out about this through the reports. There is nothing else we can confirm.”
Article: 'News Room' "Yang Hyun Suk confirmed in VIP room #11 at American casino... Seungri lost 1.3 billion won"
Source: Sports Chosun via Naver
1. [+3,165, -38] So Yang Hyun Suk has been making his money through unsavory ways with his singers and instead of using that money on caring for his artists, he spent it all on gambling~ No wonder all of their artists have terrible character and attitudes aside from AkMu and Lee Hi.
2. [+2,172, -22] YG really needs to disappear right down to their roots...
3. [+1,240, -11] Seungri too? They're totally blood brothers!
4. [+638, -11] 1.3 billion won is nothing to them ㅋㅋ
5. [+628, -13] They're really doing the most ㅡㅡ
6. [+245, -3] What we can learn from YG and Big Bang is that financial success isn't the only success there is. True success is when you're able to warm the earth with your positive influence, no? I hope more people that are able to find success in our society.
7. [+152, -0] Money that would amount to a lottery winning for most people is nothing more than a night of gambling for them...
8. [+139, -2] I hate that we live in a reality where thugs like them are able to call themselves artists and live a good life...
9. [+126, -1] They commit all these crimes and yet no one puts them away
10. [+102, -1] They took the money earned from taking childrens' allowances and buy up buildings and apartments in Gangnam, go out for illegal gambling trips...
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who cares.. it's their own money, they can spend how much they want.
If they find evidence it was illegal, charge them and give them fine, otherwise back off, and stop annoying with these witch hunt articles