Lisa from girl group BLACKPINK has been a victim of a fraud by her former manager ‘Mr. A’, and her agency has announced her official position.

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YG Entertainment, BLACKPINK’s agency, told Newsen on June 2 that, “We found out that Lisa suffered from a fraud by her former manager ‘A’. According to Lisa’s intention to settle the matter smoothly as A was a trusted former manager, A has reimbursed some of the money and created a repayment plan for the rest of the money.”

“We apologize for causing concern to our fans who love us. The company is very embarrassed by Mr. A’s behavior of abusing his trust with the artist, while feeling responsible for our management and supervision. We’re working on measures to prevent such an unfortunate incident from happening again.”

According to one informant, Mr. A has been with BLACKPINK since their debut, and Lisa has trusted and relied on him since her rookie years. Mr. A also had strong trust in the company. People around him said they had no idea about what happened.

He took advantage of this friendship and received about 1 billion won in the name of finding real estate for Lisa but instead wasted the money on gambling.

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However, it is not easy for Lisa to let the public know, because this not only affects her image, but also many things, including her team activities.

An official said, “Lisa is a foreign member and has been alone in Korea since she was young, so she is very vulnerable to these things, including economic ideas. It’s very unfortunate that this is happening in the industry. It is a serious matter that can damage the image of domestic management.”

It was confirmed that Mr. A has left the company.

It is a crime committed by an employee’s personal deviation, but YG Entertainment is also unlikely to be free from criticism for failing to properly supervises their employees.