Entertainment mogul denies $500 billion VND fraud allegations and cites organized attacks.

On April 11, Daum reported that CEO Cha Ga Won is preparing to pursue legal action in response to numerous accusations against her. Legal representatives of the CEO argue that the incident is not just a financial scandal, but stems from a contractual dispute and was misrepresented. The lawyers claim that the partner breached contractual obligations, leading to the suspension of funds to compensate for damages and interests during the dispute resolution process.

On the other hand, Cha Ga Won’s team denied the allegations of a 30 billion won fraud (over 500 billion VND), stating that it was the result of an “organized attack campaign” to pressure the company’s management and control. The lawyer emphasized that they would participate in the entire investigation process, including examining digital data to prove Cha Ga Won’s innocence.

Furthermore, the CEO asserts that the current financial difficulties, including artist payment delays, are due to external pressures and a “negative media campaign” affecting the company’s cash flow and reputation. As long as the legal dispute remains unresolved, the exodus of artists from the ecosystem governed by Cha Ga Won, which includes One Hundred, Big Planet Made, and INB100, continues to spread.

Many artists such as Taemin, VIVIZ group, and Lee Seung Gi have terminated their contracts with Big Planet Made. Meanwhile, the nine members of The Boyz have requested contract termination with One Hundred. The trio composed of Baekhyun, Chen, and Xiumin has also taken a similar step, exacerbating internal tensions.

In response to this wave of departures, the company stated that it is working to stabilize its operations and asserted that the issues were being resolved through negotiation.

The incident has attracted significant media attention:

Source: https://vietnamnet.vn/ba-trum-giai-tri-phu-nhan-cao-buoc-lua-dao-to-bi-cong-kich-co-to-chuc-2505618.html