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Kang Daniel, Scammed Out Of 10 Billion Won
by. Meenyoung

Kang Daniel has filed a police complaint against the major shareholder of his agency, Connect Entertainment, accusing him of falsifying business documents.

According to the music industry on the 20th, Kang Daniel filed a complaint with the Seoul Metropolitan Police Agency against the majority shareholder of his agency Connect, "A", on charges of falsifying company documents worth 10 billion won, business embezzlement and embezzlement for aggravated punishment of certain economic crimes worth 2 billion won, violation of the Information and Communications Network Act worth 2 billion won, and criminal use fraud.

"A" is a major shareholder who owns about 70% of Connect and is known to be the actual owner. Connect includes Kang Daniel, Chancellor and Yuju, and Kang Daniel himself founded the company in 2019 and has held the CEO position.

Kang Daniel's side claims that "A" signed a music distribution contract worth 10 billion won by using his status as a major shareholder to embezzle company funds and steal his name to stamp the corporate seal. In December 2022, "A" signed a pre-paid distribution contract by stealing Kang Daniel's name and secretly stamping the corporate seal, and Kang Daniel only learned about this in January last year, about a month after signing the contract.

Pre-paid distribution contract refers to a contract in which the singer receives a large amount of investment from the distributor and pays it back through profits from the sale of music and recordings.

Connect received about 8.8 billion won from the contract, and Kang Daniel repaid about half of his activities after releasing his album "REALIEZ" last year, but he still has about 4.5 billion won left to repay.

In addition, Kang Daniel claims that "A" withdrew a large amount from his agency's account, used his corporate card inappropriately, or withdrew a large amount from Kang Daniel's personal account without his consent.

Kang Daniel is expected to naturally break up with the agency after the end of his contract period as his exclusive contract with Connect is set to expire early next month.

Meanwhile, it won first place on the Mnet audition program 'Produce 101 Season 2' and debuted as Wanna One and received great love. Since then, he has turned into a solo artist in 2019, and has continued various activities such as actors and MCs.

<Translated by=Meenyoung Lee>

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