One of YG's companies' CEO found to have embezzled and concealed 300M₩ of YG's bar tab

[rockerista03.livejournal.com]

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.

Source: Daum via Daily Naver

Comments

[broadcities.livejournal.com]

it just keeps piling up for yg huh

[goshipgurl.livejournal.com]

are we surpised? nupe.

[rockerista03.livejournal.com]

lmao you should see the comments in the post. They're defending YG without explicitly saying they're defending YG.

[cosmopudin.livejournal.com]

Some people are so yucky,a nd Yg defenders are the very bottom of the pit

[sunsetburgundy.livejournal.com]

With everything that keeps coming out about YGE, I can't believe they still have so many celebrities under them. It honestly makes me think less of the people who signed with them in recent years.

[timetobegin.livejournal.com]

It's just garbage upon garbage upon garbage. I could name a few Western celebrities too who just never seem to be able to fall from grace, no matter how many stories about them are out there. It really does make you side eye the people still willing to work with them, but at this point YG is just a little circle of rich people covering for each other I guess???

[cosmopudin.livejournal.com]

exactly, lost my respect for akmu and naeun

[xoxkenzxox.livejournal.com]

akmu. I can't.....