Yang Hyun Suk's company CEO found to have embezzled and concealed 300 million won of Yang Hyun Suk's bar tab

Source: DailyNaver

Yang Hyun Suk's company CEO found to have embezzled and concealed 300 million won of Yang Hyun Suk's bar tab

Article: Bar and club owner found guilty of embezzling billions of won...concealed YG Yang Hyun Suk's 300 million won bar tab

Source: Newsen

Former YG Entertainment Executive Yang Hyun Suk is causing endless controversy.

The Supreme Court maintained original sentence of CDNA CEO Kim Mo's embezzlement and sentenced Kim to one year and six months in prison with two years probation. The corporation was also charged a fine of 2 million won.

CDNA Corporation is a company that operates Club Gabbia, Moon Night, Toto Gayo, Samgeori Pocha pub and Samgeori Byulbam where Yang Hyun Suk holds 70% stake in the company. His younger brother Yang Min-suk, former YG CEO also owns a 30% stake.

CDNA CEO Kim was handed over to trial on charges of embezzling 649.7 million of company funds over 5 years since 2013 into his personal joint account with his wife. In addition to the embezzlement, he was also charged with 70 million won tax evasion over 3 years for reporting Club Gabbia as a general restaurant and not an entertainment bar.

According to records, Yang Hyun Suk brought over fellow entertainers (celebrities) and acquaintances to a company owned bar and treated them to food and drinks worth 320 million won. CDNA then hid Yang Hyun Suk's credit payment by canceling the order and processing it as a return.

Meanwhile, Yang Hyun Suk is also embroiled in controversy after court documents revealed that he threatened informant A (Han Seo-hee) with death over B.I's scandal.

Quote from SooYoung

is it just me or every year there's a new scandal about YG '-'

It's not just you!

Quote from Skyliv

Does this mean someone stole from him?

Well, the concealing 300 million wons to treat celebrities that Yang Hyun Suk brought (so 256k USD) was probably not something he decided to do on his own accord, but the part where he deposited double of that amount in his private account definitely looks like that. It's embezzlement, but it doesn't mean he did it on his own and was the only guilty party, just that he was caught. I remember some people saying he took the fall for other things because he was already caught embezzling.