[Official] Cha Ga-won, upon arrest warrant request, states "We will put an end to this"

*This content was translated by AI.

An arrest warrant has been requested against Cha Ga-won, chairman of the Piak Group and representative director of One Hundred Label.

According to legal sources on the 28th, the Seoul Central District Prosecutors' Office has requested an arrest warrant against Cha Ga-won on charges including fraud under the Act on Aggravated Punishment of Specific Economic Crimes.

This arrest warrant request follows the Metropolitan Police Agency's Financial Crime Investigation Team's third application for an arrest warrant on the 22nd. Previously, police had applied for two arrest warrants against Cha Ga-won last month, but the Prosecution Service rejected them, requesting further investigation.

During the process of the third arrest warrant application, it was understood that additional investigations, including tracking Cha Ga-won's accounts and analyzing contract relationships, were conducted through consultations between the Prosecution Service and the police.

On the same day, Cha Ga-won's legal representative, lawyer Hyun Dong-yeop, stated, "It seems the Prosecution Service has also given this matter considerable thought; however, in terms of both factual circumstances and legal principles, fraud is not established, and this is a case with significant room for dispute. We plan to demonstrate to the court that there are no valid grounds for detention."

Furthermore, Cha Ga-won's side said, "We will obtain a dismissal ruling from the court regarding the arrest warrant request and put an end to the police's unreasonable arrest warrant application and investigation."

Cha Ga-won is accused of proposing businesses utilizing the intellectual property (IP) of entertainments under his management company to relevant industry companies, signing contracts, receiving large advance payments, but failing to actually carry out the businesses.

However, Cha Ga-won's side completely denies all accusations, stating that they were raised in the context of hostile mergers and acquisitions (M&A).

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*This content was translated by AI.