Seungri hit with more allegations of providing prostitution but his side denies, National Tax Service investigating origin of 30 billion won

Following Seungri being named in even further prostitution/trafficking charges recently, now he has been accused of even more instances of arranging prostitution, this time with a Channel A report stemming from an informant referencing Japanese businessmen from a construction company.

On March 15, Channel A’s “News A” reported that they received information about a tip the police received containing allegations against Seungri for providing prostitution services. According to “News A,” the informant is a prominent business figure in Gangnam who has watched Seungri’s activities from close by. The informant stated that when officials from Japanese construction company “K” visited Korea, Seungri entertained them at Burning Sun. He also allegedly sent Korean women to Japan for the purpose of prostitution. The tip also states the exact price of sending the women overseas.

Seungri’s side responded to the report, denying that it ever happened.

In response to the report, a source from Seungri’s team stated, “That never happened. He’s just friends with the CEO of company ‘K,’” and denied the allegations.

Hard to know what the truth is here since it’s just a tip, but god knows it wouldn’t be unlikely with what we already know. Also ties to a Japanese construction company could be something to look out for if this goes anywhere.

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Arguably more relevantly for stuff the government might not let Seungri get away with even if the police are corrupt is his continuing connection with tax evasion. Previously it was clubs he was involved with, but this time the National Tax Service wants to know where the 30 billion won the company (BC Holdings) Seungri started with Yoo In Suk got the money from.

“News A” also reported that Seungri is under suspicion of tax evasion. In 2016, Seungri founded the company BC Holdings with Yoo In Suk, the CEO of Yuri Holdings at the time, after which they invested more than 30 billion won (approximately $26.5 million) in companies, including Korean fund management company Peregrine Investments. They then purchased ready-mixed concrete companies, invested in Vietnamese corporations, and expanded their business. The National Tax Service focused on the origin of the 30 billion won (approximately $26.5 million) and began internal investigations as to how a new company like BC Holdings with capital of just 50,000 won (approximately $44) raised funds of over 30 billion won.

Tax evasion in itself is rather shitty but not horrific like some of the other stuff Seungri has been linked to. However, it is something that governments will usually follow up on and it has brought down far bigger fish than Seungri, so you never know where this might lead.

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