CNBLUE′s Jung Yong Hwa is under investigation for insider trading within FNC Entertainment.
On June 28, it was revealed that Jung Yong Hwa is under investigation
for earning 200 million won through buying FNC Entertainment stock after
receiving insider information.Upon learning insider information of a
famous star signing onto the same agency as himself, Jung Yong Hwa
purchased 400 million won worth of stock with an acquaintance in the
beginning of July 2015. He then allegedly sold the stock a week later
for 600 million won and made a profit of 200 million won.
Jung Yong Hwa′s agency announced their contract with a famous celebrity
on July 16 and the agency′s stock from from 20,800 won to 27,000 won.
Prosecutors have stated that Jung Yong Hwa had somehow learned the
undisclosed information in advance and is under investigation. They have
also stated that they have 1~2 more suspects being investigated.