SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).
South Korean police seek arrest warrant for Hybe chairman Bang Si-Hyuk over alleged $100 million investor fraud scheme South Korean police are seeking an arrest warrant for Bang Si-Hyuk, the billionaire music executive behind K-pop powerhouse Hybe and BTS, as part of an expanding investigation into allegations that he improperly benefited from an investor scheme involving more than $100 million. Authorities said they have asked prosecutors to pursue a court warrant for Bang’s arrest as they continue probing claims that he misled investors in 2019. Investigators allege he told investors that Hybe had no plans for an initial public offering, leading them to sell shares to a private equity fund. The company later went public, and police suspect a separate arrangement may have resulted in Bang receiving a substantial payout tied to post-IPO stock profits. Bang’s legal team has not directly addressed the specific allegations but said he has cooperated with investigators an...
65 year old legal practitional,Barrister Olu Johnson,has been arrested and charged before Ejigbo Magistrate court for his alleged involvement in the demolition of a building in Lagos state,as seen in the picture above.Johnson was arraigned with four other suspects and was remanded in prison custody at Kirikiri,Lagos along with the other four suspects the police alleged Johnson conspired with to commit the crime.They are 68 years old Samuel Ayantuga,70 year old Sunday Akinbode,30 year old Olumuyiwa Akinbode and a female 51 year old Mrs Abimola Adeolu.They are charged with conspiracy,unlawful and willful damage and assault under the Criminal Code.The suspects allegedly went to Block 328 flat 2 ,Jakande Estate in Ejigbo and demolished a building belonging to Sunday Ayodeji.It was gathered that the suspects are members of Methodist Church located in the area where the incident happened.According to the police,the suspects reportedly demolished the building to take possession of the land that leads to the entrance of the church.Apart from that,they reportedly assaulted Paul Akindolie in the process of demolishing the building.When they were arraigned,counsel to the defendants,Anthony Essien informed the court that Johnson was a senior lawyer who had spent 30 years at the bar.He pleaded with the court to grant him bail in the most liberal terms.The presiding Magistrate,Mrs J.O.E. Adeyemi granted the suspects bail in the sum of N100,000 with two sureties in like sum.They were remanded in prison custody pending when they will perfect their bail condition.The matter was adjourned till 8 February,2016 for hearing.One more photo below 
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