▲ Cha Ga-won, Chairman of PiArk Group
The police have requested an arrest warrant for Cha Ga-won, CEO of the entertainment agency One Hundred Label, on charges of fraud amounting to 30 billion won.
The Seoul Metropolitan Police Agency's Financial Crime Investigation Unit recently filed for an arrest warrant for CEO Cha on charges including fraud under the Act on the Aggravated Punishment, etc. of Specific Economic Crimes.
The prosecution is currently reviewing the request for the arrest warrant.
CEO Cha is accused of receiving 24.2 billion won in advance payments after proposing a business venture to the company Nomus, which involved using the intellectual property rights of artists under her agency. However, she allegedly failed to carry out the actual business.
The police suspect that CEO Cha signed a double contract with Nomus while concealing the fact that a pre-existing contract with another company was not expected to terminate anytime soon, and that she was not prepared to execute the business.
Separately, CEO Cha is also accused of pocketing 5.4 billion won in deposit money after agreeing with an acquaintance to sign a "jeonse" (lump-sum housing lease) contract for houses they each owned, only to fail to fulfill the agreement.
In response, CEO Cha's side stated, "It is deeply regrettable that an arrest warrant was requested while a quasi-appeal has been filed due to confirmed illegalities during the search and seizure process," adding, "We plan to file a complaint with the National Human Rights Commission of Korea against the investigation team leader and investigators for human rights violations during the investigation process."
※ Please note: This article was translated by AI and may contain errors.