Latest news with #Festa
CTV News
3 hours ago
- Business
- CTV News
BTS agency HYBE raided over alleged fraud trading
A fan of K-pop band BTS poses with a group photo of BTS during the annual 2025 BTS Festa celebrating the BTS' debut anniversary in Goyang, South Korea, Friday, June 13, 2025. (AP Photo/Lee Jin-man) Seoul, South Korea -- HYBE, the agency behind K-pop superstars BTS, was raided by police on Thursday in connection with alleged fraudulent trading involving its founder Bang Si-hyuk, investigators said. 'We are conducting a search and seizure at HYBE's headquarters in Yongsan District,' the Financial Crimes Investigation Unit of the Seoul Metropolitan Police Agency said in a brief statement. Bang, the mastermind behind BTS, is under investigation over allegations that he misled early investors to reap illicit profits from the company's 2020 initial public offering. He is accused of gaining around 200 billion won (US$146 million) through the process, according to local reports. HYBE has denied Bang committed any wrongdoing. 'We will dutifully clarify that the listing at the time was carried out in compliance with all relevant laws and regulations,' the company said in a statement in early July, pledging 'active cooperation' with authorities to get to the bottom of the case. The investigation comes as all seven BTS members complete their mandatory military service and prepare for a comeback next year. HYBE announced earlier this month that a new album and world tour were scheduled for 2026. BTS, known for championing progressive causes, holds the record as the most-streamed group on Spotify and became the first K-pop act to top both the Billboard 200 and Billboard Artist 100 charts in the United States. Before their military service, BTS generated more than 5.5 trillion won ($4 billion) in yearly economic impact, according to the Korea Culture and Tourism Institute. That accounts for roughly 0.2 per cent of South Korea's total GDP, according to official data.
NBC Sports
19 hours ago
- Sport
- NBC Sports
Twins starting pitcher David Festa placed on the 15-day IL with right shoulder inflammation
LOS ANGELES — Minnesota Twins starting pitcher David Festa has been placed on the 15-day injured list with right shoulder inflammation. The 25-year-old Festa was scheduled to consult with a doctor and get an MRI on Wednesday. The Twins are in Los Angeles to play the Dodgers and were scheduled to head home after the early game. On Monday, Festa allowed four runs on three home runs in 5 1/3 innings. 'He woke up after his outing and his shoulder was sore,' Twins manager Rocco Baldelli said. 'He'll have an MRI today and we'll know more (Thursday). We'll see where we're at. I can't talk about any specifics because I don't know any more than his arm didn't feel the way that it should normally feel. There's normal soreness and there's more than that, and this was more than that.' Festa has started 10 games for the Twins, who are 10 1/2 games behind Detroit in the AL Central. Festa is 3-4 this season with a 5.40 ERA and 53 strikeouts in 53 1/2 innings.
San Francisco Chronicle
20 hours ago
- Sport
- San Francisco Chronicle
Twins starting pitcher David Festa placed on the 15-day IL with right shoulder inflammation
LOS ANGELES (AP) — Minnesota Twins starting pitcher David Festa has been placed on the 15-day injured list with right shoulder inflammation. The 25-year-old Festa was scheduled to consult with a doctor and get an MRI on Wednesday. The Twins are in Los Angeles to play the Dodgers and were scheduled to head home after the early game. On Monday, Festa allowed four runs on three home runs in 5 1/3 innings. 'He woke up after his outing and his shoulder was sore,' Twins manager Rocco Baldelli said. 'He'll have an MRI today and we'll know more (Thursday). We'll see where we're at. I can't talk about any specifics because I don't know any more than his arm didn't feel the way that it should normally feel. There's normal soreness and there's more than that, and this was more than that.' Festa has started 10 games for the Twins, who are 10 1/2 games behind Detroit in the AL Central. Festa is 3-4 this season with a 5.40 ERA and 53 strikeouts in 53 1/2 innings.
Fox Sports
20 hours ago
- Sport
- Fox Sports
Twins starting pitcher David Festa placed on the 15-day IL with right shoulder inflammation
Associated Press LOS ANGELES (AP) — Minnesota Twins starting pitcher David Festa has been placed on the 15-day injured list with right shoulder inflammation. The 25-year-old Festa was scheduled to consult with a doctor and get an MRI on Wednesday. The Twins are in Los Angeles to play the Dodgers and were scheduled to head home after the early game. On Monday, Festa allowed four runs on three home runs in 5 1/3 innings. 'He woke up after his outing and his shoulder was sore,' Twins manager Rocco Baldelli said. 'He'll have an MRI today and we'll know more (Thursday). We'll see where we're at. I can't talk about any specifics because I don't know any more than his arm didn't feel the way that it should normally feel. There's normal soreness and there's more than that, and this was more than that.' Festa has started 10 games for the Twins, who are 10 1/2 games behind Detroit in the AL Central. Festa is 3-4 this season with a 5.40 ERA and 53 strikeouts in 53 1/2 innings. ___ AP MLB: recommended Item 1 of 3 in this topic
Winnipeg Free Press
20 hours ago
- Sport
- Winnipeg Free Press
Twins starting pitcher David Festa placed on the 15-day IL with right shoulder inflammation
LOS ANGELES (AP) — Minnesota Twins starting pitcher David Festa has been placed on the 15-day injured list with right shoulder inflammation. The 25-year-old Festa was scheduled to consult with a doctor and get an MRI on Wednesday. The Twins are in Los Angeles to play the Dodgers and were scheduled to head home after the early game. On Monday, Festa allowed four runs on three home runs in 5 1/3 innings. 'He woke up after his outing and his shoulder was sore,' Twins manager Rocco Baldelli said. 'He'll have an MRI today and we'll know more (Thursday). We'll see where we're at. I can't talk about any specifics because I don't know any more than his arm didn't feel the way that it should normally feel. There's normal soreness and there's more than that, and this was more than that.' Festa has started 10 games for the Twins, who are 10 1/2 games behind Detroit in the AL Central. Festa is 3-4 this season with a 5.40 ERA and 53 strikeouts in 53 1/2 innings. Thursdays Keep up to date on sports with Mike McIntyre's weekly newsletter. ___ AP MLB:
