Original post: here
PSY is being implicated in Yang Hyun Suk's alleged prostitution controversy.
According to Malaysian media, millionaire Low Taek Jho was one of the investors at Yang Hyun Suk's dinner that was offered sexual services by Yang Hyun Suk.
Through his U.S lawyers, the millionaire made a statement to the media denying the reports saying, "I met Yang Hyun Suk through my friend Psy. I was never involved in, nor aware of any conduct of the kind that was alleged in the MBC 'Straight' report."
According to Malaysian media, the two businessman that were entertained by Yang Hyun Suk at a high-end restaurant in July 2014 and offered sex services were millionaire Low and Thai businessman Chavanos Rattakul. Low has been identified by investigators from Malaysia and the U.S as the main character in the 1Malaysia Development Bhd (1MDB) scandal. In December 2018, Low was charged in absentia with 5 money-laundering charges for transferring $1.03 billion into Good Star Ltd accounts between Sept 30, 2009 and October 25, 2011.
According to a Malaysian report in 2013, millionaire Low's company Jynwel Capital was behind PSY's appearance at the Chinese New Year open house in Penang. At the time, PSY was still an artist at YG Entertainment before he left the label in 2018 to form his own company P-Nation.
PSY released an official statement on his personal Instagram account on the 29th to address the allegations and said:
"Hello. This is PSY.
It is true that the Jho Low mentioned in the news is my friend. When I knew [Jho Low] back then, he had been someone who was active in Hollywood’s show business industry. I came to know of him because of my overseas activities during that time, and I introduced Jho Low to Yang Hyun Suk.
Regardless of if he was a good friend or not, it is an indisputable fact that I was friends with Jho Low.
When Jho Low and his party visited Korea as part of their Asia tour, Yang Hyun Suk and I were invited to attend [the dinner]. After eating and drinking with others who had been invited, Yang Hyun Suk and I left first.
At that time, I thought of [the dinner] as a meeting with a friend who came from a faraway country.
I apologize for the inconvenience I have caused with this matter."