Police File Third Detention Warrant for Cha Gawon, CEO of One Hundred Label, Over 30 Billion Won Fraud Allegations

Warrant Requests Rejected Twice by Prosecutors, Additional Investigation Launched
Double Contract in IP Business and 5.4 Billion Won Lease Fraud Also Under Investigation

The police have filed a third request for a detention warrant against Cha Gawon, CEO of the entertainment agency One Hundred Label, who is suspected of committing fraud amounting to around 30 billion won.

On July 22, the Financial Crimes Investigation Unit of the Seoul Metropolitan Police Agency’s Metropolitan Investigation Team filed for a detention warrant against CEO Cha on charges including fraud under the Act on the Aggravated Punishment of Specific Economic Crimes.

Previously, in early June and again on June 15, the police had filed two detention warrant requests, but the prosecution returned both, citing the need for additional details regarding the criminal facts and requesting further investigation.

Cha is accused of proposing a business partnership to Nomus that involved utilizing the intellectual property (IP) of artists under his agency, entering into a contract, and receiving an advance payment of 24.2 billion won, but failing to fulfill the business obligations.

The police suspect that despite knowing the existing contract was unlikely to be terminated in a short period, Cha concealed this information and signed a double contract with Nomus, and at the time of the contract was not even ready to carry out the agreed business.

Separately, Cha is also accused of agreeing with an acquaintance to sign a lease contract on each other’s properties, receiving a deposit of 5.4 billion won, but failing to fulfill his contractual duties.

This content was produced with the assistance of AI translation services.