Kang Daniel Files Lawsuit Against KONNECT Entertainment's Major Shareholder For Alleged Fraud

Former Wanna One member Kang Daniel has filed a criminal complaint against a major shareholder of his label KONNECT Entertainment. Here's why!
Kang Daniel Files Lawsuit Against KONNECT Entertainment's Major Shareholder For Alleged Fraud

Kang Daniel Files Lawsuit Against KONNECT Entertainment's Major Shareholder For Alleged Fraud

Former Wanna One member Kang Daniel has filed a criminal complaint against a shareholder of his label KONNECT Entertainment. The Waves singer has accused the shareholder of fraud.

Kang Daniel files lawsuit against KONNECT Entertainment shareholder

On May 20, it was reported that Kang Daniel had filed a criminal complaint against Mr. A, who holds approximately 70 percent of the shares of KONNECT Entertainment. For the unversed, Kang Daniel had established KONNECT Entertainment in 2019.
Following the report, Kang Daniel’s legal representative confirmed that the former Wanna One member had filed a criminal complaint with the Seoul Metropolitan Police Agency against the major shareholder of KONNECT Entertainment on the charges of counterfeit of private document, embezzlement, breach of trust, violation of information and communications network and fraud.
Kang Daniel's legal team revealed that the singer has decided to file a criminal complaint after he discovered that a prepayment distribution contract worth over 10 billion won was signed in December 2022 using his name without his knowledge. The shareholder had also withdrawn 2 billion won from the label's account without CEO approval, board resolutions or shareholder meeting resolutions. Furthermore, Daniel had discovered that an undesignated corporate card was used to spend over tens of millions of won and over 1.7 billion won had been withdrawn from his own bank account without his knowledge.

About Kang Daniel

Kang Daniel has made quite a name for himself in the Korean entertainment industry. In 2017, Daniel joined Wanna One after he bagged the top spot on Mnet’s music survival show Produce 101. Following the group's disbandment in 2019, Daniel made his solo debut with first album Color on Me. In 2022, he made his acting debut in Rookie Cops with Chae Soo-bin.
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