Waterbomb music festival to go ahead as planned despite Evergreen CEO David Yong’s legal troubles

SINGAPORE – The upcoming Waterbomb Singapore music festival will go on as planned, despite the ongoing Commercial Affairs Department probe for fraud involving the chief executive of one of its organisers.

Co-organiser Viu Scream Dates said in response to queries on Aug 4 that the show will go on.

“We remain focused on creating an unforgettable experience at Waterbomb Singapore on Aug 24 and Aug 25 and would like to assure that the event will proceed as planned,” it said.

The popular South Korean summer music festival is slated to hit Singapore’s shores for the first time as a result of a tie-up between Viu Scream Dates and Evergreen Group Holdings.

Evergreen Group chief executive David Yong, who was in

Netflix series Super Rich In Korea

, and another member of the company’s management linked to the investigation, were arrested on Aug 1.

Yong, 37, was

charged on Aug 3 with the falsification of accounts

in relation to a promissory note arrangement involving Evergreen Group Holdings, the police said.

He was expected to show up at the festival in Sentosa on the first day at about 5.30pm, according to an event schedule on Waterbomb Singapore’s Instagram page.

Viu Scream Dates did not say whether Yong will show up as planned, but the event’s programme online remained unchanged at 5.50pm on Aug 4.

The festival line-up features more than 30 artistes, headlined by K-pop veterans such as former girl group 2NE1 leader CL and idol-actor Rain, as well as American rapper Jay Park.

Thai singer Sorn and Singapore musicians lullaboy, Alyph and Haven are also among the acts. Organisers earlier said they expected 20,000 people to attend.

Waterbomb Singapore tickets cost $198 for a one-day pass and $338 for a two-day pass.

Yong, whose full name is Yong Khung Lin, was featured in the Netflix series Super Rich In Korea as one of the cast members of the “super rich”.

He starred alongside personalities like Iraq-born YouTuber and influencer Noor Naim and Italian businessman Teodoro Marani, who is the son of the chief executive and designer behind luxury fashion label Henry Beguelin.

The six-part series released on May 7 showed Yong living in a rented apartment at Signiel Seoul – an upscale residence located in South Korea’s tallest building, Lotte World Tower – with a cash-counting machine at home.

In one scene, he was seen alighting from a private jet, carrying a luxury Hermes bag. It also showed viewers his house and cars in Singapore.

If convicted, Yong could be fined, jailed for up to 10 years, or both.