Earlier today an exclusive report by SBS FunE revealed alleged text messages convo between Seungri, a singer with the initials C, his business partner, and an employee. The alleged text messages were about providing prostitutes to investors.

The alleged text message convo happened in a chat room back in 2015.

The report went viral and was shared across social media sites. At first, YG Entertainment didn’t release a response to the report released by SBS FunE.

YG Entertainment has now returned with an official statement, in their statement, they refuted the SBS FunE report and promised strict legal action against spreading of rumors and false news.

Here is the full statement:

“Hello, this is YG Entertainment.

We’re here to announce our official statement regarding the reports about Seungri that were released today.

After confirming with Seungri, we found out that the report in question contains fabricated text messages and is not true.

In addition, we would like to remind you that YG will continue to take strict legal action against the distribution and/or reproduction or rumors including fake news.”

What do you think of this?

Sources: (A), (B)