Police applied for an arrest warrant three times only.. Cha Ga-won, arrest warrant requested on suspicion of fraud worth 30 billion won [Star Issue]

*This content was translated by AI.

Cha Ga-won, chairman of the Peak Group and CEO of entertainment agency One Hundred Label, faces the risk of arrest.

On the 28th, the Human Rights Protection Department of Seoul Central District Prosecutors' Office requested an arrest warrant against Cha Ga-won on charges including fraud under the Act on Aggravated Punishment of Specific Economic Crimes.

Earlier, the Prosecution Service reportedly conducted a pre-arrest warrant interview with Cha Ga-won on the 27th before deciding to proceed with this request.

The police had previously applied for an arrest warrant against Cha Ga-won twice last month, but the Prosecution Service rejected both requests, citing the need to supplement the evidence of criminal facts. This latest arrest warrant request follows a third application submitted by the Seoul National Police Agency's Metropolitan Investigation Team's Financial Crime Investigation Division on the 22nd.

Cha Ga-won is accused of proposing business ventures to related industry companies using the intellectual property (IP) of artists under his agency, signing contracts, and receiving large advance payments without actually carrying out the businesses. The scale of damage is reported to be approximately 30 billion won.

However, Cha Ga-won's side has completely denied all allegations, claiming they were raised during a hostile mergers and acquisitions (M&A) process surrounding him.

In this regard, the police conducted a search and seizure at Big Planet Mate Entertainment, a subsidiary of One Hundred Label, in April, and summoned Cha Ga-won as a suspect for questioning in May.

On this day, Cha Ga-won's legal representative, lawyer Hyun Dong-yeop, stated, "It seems the Prosecution Service has given this matter serious consideration, but this case does not constitute fraud either factually or legally, and there are many disputed points. We plan to demonstrate in court that there is no valid reason for detention." Cha Ga-won's side further added, "We aim to obtain a court ruling dismissing the arrest warrant request, bringing an end to the police's excessive application for an arrest warrant and investigation."

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*This content was translated by AI.