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...
According to the Comptroller-General of` Immigration,Martins Kure Abeshi has said that the six Britons arrested last saturday for violating Nigerian Immigration Laws are to be deported.Abeshi,who made the revelation today tuesday before the House of Rrepresentatives Committee on interior headed by Hon.Jagaba Adams Jagaba said the expatriates have breached Nigeria's immigration laws and would therefore be deported.Part VIII,Section 56 {1-7};58;59; and 60 {1-5} of the Immigration Act,2025 which provides for the immigration offences and penalties,stipulates a term of imprisonment 10 years or fine of N2 million..While reacting to questions concerniing the Britons from Hon.Sunday Katung,representing zango Ktaf Federal Constituency in Kaduna State,the NIS boss said ''I just arrived from abroad mnday and this case.As i'm talking,yesterday in the evening,the company that employed those expatriates,after my discussion with them,they are to be responsible for their air ticket.As i'm talking now i'm sure they have been flown out.One company employed them.They were in the services of that company,but they travelled out,when they were coming back,another employer gave them visa to come,which is against immigration law.it is against the law of the land.So their first employer complained about these expatiates,so it is an offence they have committed and we have ordered their deportation.When we conduct our operation and discover that someone who is not a Nigerian is living in this country illegally,he will be repatriated.That is on our own part,they have to go.There is another angle to it.If he is a worker,working in a company and we discover that he does not have papers to stay in this country,he has committed an offense against the state,the company that the expatriate is working will give us money;buy ticket or whatever is their responsibility.Before anybody takes an appointment here as an expatriate,the organisation will write to immigration that they are taking immigration responsibility for that expatriate.If that expatriate commits any offence against the company and they want to remove him,that company must provide ticket so that the person is removed from this country''.More photos below. 
Comments
Post a Comment