K-pop Star Rain Accused Of Real Estate FRAUD Worth Staggering Rs 52 Crore

by Idol Univ


K-pop veteran Rain faces allegations of real estate fraud. A supposed victim claims Rain misrepresented a property deal, leading to a lawsuit against the singer. Rain’s representative denies the accusations.

Updated Sep 27, 2023 | 08:41 AM IST

Rain tangled in real estate fraud

Rain seems to have landed himself in a little bit of legal trouble! The veteran K-pop singer has been accused by a supposed victim of duping him. As per reports, Rain allegedly took Rs 52 crore for his property and in return sold his house that looked NOTHING like the pictures.
The allegations were first made viral by YouTuber Goo Je Yeok . Hitting on controversial individuals, the YouTube channel is known for its exposés and first reported that Victim ‘A’ has sued Rain for alleged real estate fraud.

As per Korean media portals, ‘A’ made a deal with Rain to sell off Namyang New Town building in Hwaseong for 18.7 Million dollars. The victim was supposed to buy the veteran singer’s Itaewon property in return to generate the necessary funds.

Rain accused of real estate fraud

Turns out, when ‘A’ tried to finalize ways to visit Rain’s house, the singer refused, confessing to privacy concerns. Instead, ‘A’ was shown pictures of the property which led to their 6.35 million USD deal. The victim mentioned that he trusted Rain’s renowned status, as well as the real estate company’s reputation.

As you would so have it, the property that ‘A’ received was nothing like the one that was shown in pictures!

The real building had no outdoor pool as shown in photos, and the appearance of the property itself varied greatly than what was promised. ‘A’ claims the wallpaper has been torn off and stained walls grace the entire building. When the real estate agency was contacted, they stated that the photos given to them were done so by Rain himself.

Reports suggest that ‘A’ and his lawyers filed a complaint against Rain last month at the Yongsan Police Station in Seoul.

Rain responds to allegations

In response, Rain’s representative stated, “Rain made it clear that he would show the house and even showed it twice to Mr.A’s wife through his father. There are also messages and recordings shared with employees of the real estate brokerage firm.”

While addressing the misleading swimming pool issue, they commented, “Rain never sent any photos with an outdoor swimming pool. The photo in question was Rain’s KakaoTalk profile photo. Anyone can confirm that there is no swimming pool just by looking at the buiding plan and street images. And who would lie like this while selling a building worth 8.5 billion won? Mr. A’s claim is completely false.”



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