Fugitive businessperson Low Taek Jho only met the South Korean entertainment executive implicated in a sex scandal through his friend and pop star Psy, his spokesperson said today.

Low, the spokesperson added, was also not involved in the sexual misconduct alleged in the Munhwa Broadcasting Corporation (MBC) programme 'Straight', nor was he aware of any such conduct.

"Low is a friend of Psy, and through him met (YG Entertainment CEO) Yang Hyun-suk.

"He was never involved in, nor aware of, any conduct of the kind alleged in the MBC 'Straight' report," the spokesperson said in a statement.

Read more: Jho Low served 'dinner and sex' - fugitive financier linked to Korean scandal

The MBC programme reportedly claimed that Yang hosted dinner parties for investors – including Low – with sex workers present.

It said the dinner involving Low and a Thai businessperson took place in July 2014, and there were supposedly 25 women, including 10 sex workers, present, as well as eight men.

YG Entertainment has dismissed the report as baseless.

Psy, best known for his hit song “Gangnam Style,” performed a free concert in Penang ahead of the 2013 general election, which is widely believed to have been funded by Low.

He was among the artistes under YG Entertainment. He left the label last May to form his own, P-Nation.