The police have ruled out charges against Min Hee-jin, the former CEO of ADOR, who was reported by HYBE for embezzlement related to the takeover of ADOR's management rights.
On the 15th, the Yongsan Police Station in Seoul decided not to forward the case against former CEO Min regarding the embezzlement charges.
The former CEO's side issued an official statement that day, saying, "As a result of the police investigation that has been ongoing for over a year, it has been determined that there is no illegal activity on the part of former CEO Min Hee-jin, and we inform that the police decided not to forward both cases filed by HYBE on the 15th due to lack of evidence."
In April of last year, HYBE reported that former CEO Min attempted to seize the management rights of its label ADOR and filed a complaint with the police for embezzlement after an urgent audit.
HYBE also issued an official statement that day, stating, "We plan to file a complaint with the prosecution today regarding the embezzlement charges against former CEO Min Hee-jin and others that were raised last year, which have been decided not to forward."
HYBE stated, "Since new circumstances have arisen, such as the declaration of contract termination by the members of NewJeans after the police investigation, and many new pieces of evidence have been submitted in related trials, the court for the provisional disposition appeal (Seoul High Court) has judged that former CEO Min is intentionally destroying the integrated structure that is the premise of the exclusive contract, we wish to contest the non-forwarding decision in the complaint process."
HYBE also noted, "The investigation authorities decided not to forward the case that former CEO Min Hee-jin and others filed against five HYBE executives for obstruction of business and violations of the Information and Communications Network Act (defamation) last July," and stated, "We inform that all complaints filed indiscriminately against HYBE and its affiliates' employees by former CEO Min have also concluded with a non-forwarding decision."