If convicted, he could be imprisoned for three years. "I'll sincerely take part in the investigation of all allegations that have been raised".
"This is Seungri. At this moment, it seems like it would be good for me to retire from the entertainment industry".
On Feb. 27, police questioned Seungri over the allegations. His last statement said that his decision to remove himself is because he doesn't want to do damage to BIGBANG and YG, so he is retiring for their sake.
"For the past 11/2 months, I have been denounced by the public, every investigation agency is probing me and I have been accused as a traitor".
The lobbying is alleged to have happened at nightclubs in Seoul, South Korea's capital.
"As I've been branded as a "national traitor", I can not stand the fact that I'm harming others for my own sake", he added.
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Another member, rapper T.O.P, was handed a 10-month suspended prison sentence for marijuana use in 2017.
"I give my heartfelt, honest thanks to fans at home and overseas who gave their love for the past 10 years, and I think this should be it for the sake of the reputation of YG (Entertainment) and BIGBANG", Seungri said in the Instagram post.
He then apologized once more.
Band leader G-Dragon was also investigated for smoking marijuana in 2011, although he was released without indictment.
The scandal comes ahead of the singer's mandatory military service, which all able-bodied South Korean men are required to complete.