Rain is now on the headline of the news again as he has been sued for a vast amount of money for a problem from the past. An investor with the name ‘Lee’ has filed against the handsome and unfortunate guy as well as two others who were once a part of J.Tune Creative; asking for 2 billion KRW (approximately $1.8 million USD).
In summary, Rain and the executives of his company at the time, were sued back in the olden days of 2010 for the ’embezzlement’ of funds of this said investor after receiving investment for a fashion company. Bi Rain was not found guilty during the initial court ruling, while the executives in the lawsuit were found guilty for some of their charges.
BUT, this isn’t the end of their past clashes; in 2011, the court ruled that a re-investigation was needed and opened the case again to the general public. This lawsuit comes after the case was opened again, and investor Lee is asking for his initial investment sum of 2 billion KRW to be return to him, ‘the rightful owner.’
He stated, “In January 2008, J.Tune Creative’s director ‘Kang’ approached me because he was seeking advice for the fashion industry. He suggested that we run the fashion company together and trust in Rain’s popularity. I invested 2 billion KRW.”
Adding on with, “After receiving the proposal from J. Tune Creative, which Rain was the CEO, I invested 2 billion KRW [into the fashion company], but afterwards, 50% of the total business capital (which was allegedly around 5 billion KRW) was issued to Rain, stating model fees as the reason.”
With this, Rain was going to serve as the endorsement model, and J.Tune Creative said that his fee was 2.25 billion KRW as they had already transferred it into Rain’s account.
Lee also said, “I was told that Rain was also investing 1 billion KRW (approximately $900,000 USD) of his own money, and that J.Tune Creative was putting in 1.5 billion KRW (approximately $1.3 million USD) into this [fashion company], so I believed the funds were stable. Being tricked by this, I invested 2 billion KRW… However, later I found that the only money actually invested into the company was the 2 billion KRW that I put in.”
“The [fashion company] was closed within 2 years of opening… Reimburse my 2 billion KRW that I was tricked into investing by Rain and the others, who didn’t even intend on running the [fashion company],” Lee added.
Lee also further stressed that Rain and the others never managed the fashion company well at all and instead falsely disguised it as if the company was working actively and then tried to sell of the shares that the company made, he also insisted that more than half of the alleged 5 billion KRW of the company capital was embezzled by Rain who ‘transferred’ to his own account stating model fees even before the start of the fashion company.
What do you think about this sketchy operation?
Source: allkpop
Article by: Jenny
Edited by: Alona
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