Article: Police conclude their investigation of Seungri and Yang Hyun Suk after 84 days..."couldn't find evidence of 'hwanchigi'"
Source: Yonhap News
Police have concluded their investigations into Yang Hyun Suk (49) and Seungri (29).
An official from the Seoul Metropolitan Police Agency issued a statement on October 31st and stated, "we have concluded the investigations into Yang Hyun Suk and Seungri's case and will forward the case to prosecution tomorrow."
Considering the statute of limitations, police investigated the amounts that Seungri and Yang Hyun Suk gambled overseas for the past five years. Through investigations into financial accounts, currency exchange records, corporate accounting data and questioning of neighbors, police confirmed that Seungri and Yang Hyun Suk are guilty of partaking in illegal overseas gambling activities on 1-2 occasions per year. Seungri gambled and lost about 1 billion won while Yang Hyun Suk gambled and lost a bit less roughly 100 million won.
Seungri and Yang Hyun Suk reportedly admitted to gambling occasionally but not habitually gambling but according to the official, "they made their judgement based on the number of gambling cases, size, and existing cases." According to the official, both visited the casino at the same time while overseas on schedules but didn't gamble together. They couldn't find evidence that they intentionally went abroad just to gamble.
Regarding suspicions of violating the Foreign Exchange Transaction Act, 'hwanchigi', the police official stated, "Yang Hyun Suk and Seungri and acquaintances happened to exchange money before leaving the country. Seungri also borrowed the money from the casinos while there and paid it back."
Regarding the allegation that a YG subsidiary abroad was used for embezzlement and tax evasion, the official stated, "We couldn't find any money in the company bank accounts or financial data that could prove those allegations."
The Intelligence Crime Investigation Team will forward 5 people including Seungri and Yang Hyun Suk on charges of habitual gambling. Because they couldn't find any evidence to prove 'hwanchigi' they will forward the case to prosecution with a recommendation of "none indictment."