Kang Daniel Files Lawsuit Against Konnect Entertainment’s Largest Shareholder Over Several Complaints, Contract Worth 10 Billion Won

Published Categorized as Kpop
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Singer Kang Daniel has made an official statement regarding the criminal complaint he filed against the major shareholder, Mr. A, of his agency.

On the afternoon of the 20th of May, the legal representative of Kang Daniel, the law firm ‘Wooree’ revealed the news via an official statement. They’re filing a lawsuit over several issues including ‘forgery and use of private documents’, embezzlement charge, breach of trust and more

Notably, the major shareholder Mr. A, whom Kang Daniel filed the criminal complaint against, is the actual owner of about 70% of Konnect Entertainment. Kang Daniel’s exclusive contract with Konnect is set to expire early next month.

Below is the full statement from Kang Daniel’s representative:


Hello,

This is Park Seong-woo, the attorney from the law firm Wooree, representing Kang Daniel (hereinafter referred to as the client).

We are providing this statement on behalf of the client regarding the recently disclosed criminal complaint case through the media.

The client filed a criminal complaint with the Seoul Metropolitan Police Agency on the 20th against the major shareholder of Connect Entertainment for charges including forgery of private documents, embezzlement, breach of trust, intrusion into information communication networks, and fraud involving computer use.

For the past five years, the client, who has protected the company as a CEO and artist, has made every effort for over a year to minimize the damage to the artists, employees, and third parties who trusted and followed him like family. However, he ultimately determined that holding the responsible parties legally accountable was the only remaining solution and proceeded with the criminal complaint with a heavy heart.

  1. Concerning the forgery and use of private documents charge: In December 2022, the client learned in January 2023 that a pre-distribution contract worth tens of billions of won had been signed using the corporate seal without the client’s knowledge by forging the CEO’s name. Despite multiple inquiries about the contract’s procedure and key contents, the client received no answers and had to personally verify the facts by obtaining bank transaction details.
  2. Concerning the embezzlement charge: It was confirmed that over 20 billion won was withdrawn from the company’s account through overseas remittances and business income processing methods without any legal procedures such as CEO approval, board resolutions, or general meetings of shareholders.
  3. Concerning the breach of trust charge: It was additionally recognized that anonymous corporate credit cards were used to spend tens of millions of won, which were falsely recorded in the accounting books as the client’s props expenses.
  4. Concerning the intrusion into information communication networks and fraud involving computer use charge: While verifying the company’s financial transactions, the client discovered that over 1.7 billion won had been withdrawn from his bank account without his knowledge.

We are grateful and sorry for the concern many have shown regarding Kang Daniel’s harm and injury. When a lawsuit progresses, it inevitably causes many worries, which we are well aware of from past experiences. We took this bold step hoping that such unjust incidents will no longer occur in our popular culture and arts industry and that this case will be the last. Once the investigation reveals more detailed facts, we will share our position again.

Thank you.

*We would like to correct a point reported in the media: while the forged contract is worth tens of billions of won, it is difficult to directly attribute it to the company’s losses. Therefore, the media report stating that it caused 140 billion won in damages is incorrect and does not align with the complaint filed.

Source: (A)

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