Prosecution Bans Kang Jong-hyun from Leaving Country Over Embezzlement Allegations at Bithumb Affiliate

[Asia Economy Reporter Yoo Byung-don] The prosecution, investigating embezzlement allegations against the management of Bithumb's affiliated companies, has imposed a travel ban on businessman Kang Jong-hyun.

The Financial Investigation Division 2 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Chae Hee-man) announced on the 28th that they recently imposed a travel ban on Kang, a key figure in the case, and are considering summoning him.

Kang is the older brother of Kang Ji-yeon, CEO of Bithumb affiliates Inbiogen and Bucket Studio, and is one of the suspects accused of embezzlement.

The prosecution is reportedly investigating whether the Kang siblings conspired to embezzle company funds.

Meanwhile, on the 26th, the prosecution filed an arrest warrant for executive A of Bucket Studio on charges of evidence tampering.

A is accused of removing key company documents and deleting closed-circuit television (CCTV) footage just before the prosecution began a raid on Bithumb affiliates.

The pre-arrest detention hearing is scheduled to be held at 10:30 a.m. on the 28th at the Seoul Southern District Court.

The prosecution began a full-scale investigation on the 7th of this month, seizing evidence from companies including Bident, Inbiogen, and Bucket Studio, after detecting embezzlement allegations against the management of Bithumb affiliates.

This content was produced with the assistance of AI translation services.