[Official] Cha Ga-won, Chairman: "Illegal Investigation, Prosecution Service's Supplementary Investigative Authority Urgently Needed" Arrest Warrant Application Opens

*This content was translated by AI.

Cha Ga-won, CEO of the One Hundred Label label, expressed his position regarding the police's third application for an arrest warrant in connection with a 30 billion won fraud allegation.

Hyun Dong-yeop, a lawyer at Law Firm Hwageum representing Cha Ga-won, issued an official statement on the 22nd: "We have released video footage of the illegal investigation conducted by Team 6 of the Financial Crime Investigation Division 1 under Lee Sang-yun (Team Lead)." He added, "The police are carrying out an illegal investigation that blatantly violates the Criminal Procedure Act and then applying for an arrest warrant based on such actions. This itself serves as proof that the Prosecution Service's supplementary investigative authority is urgently needed. We expect the Prosecution Service to exercise appropriate judicial control over this arrest warrant application, taking into account even the principle of excluding illegally collected evidence."

Earlier, the Seoul National Police Agency's Metropolitan Investigation Division's Financial Crime Investigation Unit applied for an arrest warrant against Cha Ga-won, CEO, under charges including fraud as stipulated in the Act on Aggravated Punishment of Specific Economic Crimes.

Previously, the police had applied for an arrest warrant against Cha Ga-won, CEO, last June, but the Prosecution Service rejected it. Subsequently, they re-applied for a warrant; however, the Prosecution Service again rejected it, requesting additional investigation to supplement the elements of the alleged crime.

Cha Ga-won is accused of proposing a business utilizing the intellectual property rights of entertainments under his entertainment agency to Knowmerce Co., Ltd., signing a contract, receiving an advance payment of 24.2 billion won, and then failing to fulfill the business agreement.

According to industry sources, the total amount claimed as fraud losses is reported to be around 30 billion won.

In response, Cha Ga-won's side has consistently denied the allegations. They argue that this suspicion is part of a hostile merger and acquisition (M&A) operation targeting One Hundred Label.

Additionally, Cha Ga-won is also accused of promising to enter into lease contracts for residential properties owned by him and an acquaintance, collecting a deposit of 5.4 billion won, and then failing to fulfill the contract.

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*This content was translated by AI.