YG Entertainment has released an official statement in response to a report that Seungri allegedly used funds from the club Burning Sun to pay his manager’s monthly salary.

On April 12, MBC’s “Newsdesk” reported that police had found that Burning Sun had paid Seungri’s former manager, Mr. Ji, more than 30 million won (approximately $26,450) every month under the pretext of paying him his monthly salary, despite the fact that he was an employee of YG Entertainment and not Burning Sun.

The news program also claimed that YG Entertainment had become aware of the situation in February, after questioning Seungri when the Burning Sun controversy first broke out, and that the company had reportedly fired Mr. Ji after confirming this fact. If it is proven true that the manager received his salary from Burning Sun and not Seungri or the agency, Seungri may be charged with embezzlement.

On April 13, YG Entertainment released the following statement:

1. Mr. Ji was Seungri’s manager during the time of his employment with YG Entertainment (he is no longer an employee of the company), and accordingly, his salary was of course paid by our company.

2. As our company has no connection whatsoever to Seungri’s personal business, we had no idea that Mr. Ji was also employed as an overseer at Yuri Holdings or that he had received a separate salary from Seungri’s businesses.

3. We ourselves became aware of these facts only recently, after the controversy broke out, and we terminated Seungri’s exclusive contract and also terminated Mr. Ji’s employment with our company.

Source (1)