SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

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 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...
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A PETROL TANKER CRASHED KILLING ABOUT 6 PEOPLE YESTERDAY ALONG UYO-CALABAR HIGHWAY.{PHOTO}.

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                    According to PM News,at least six persons were feared dead in a petrol tanker crash which occurred at Kilometre 8,Obong Itam,along Uyo-Calabar highway around 8:30 pm yesterday monday.It was learnt that the driver,in a hurry to escape police arrest,sped off and crashed into the pavement along the highway.The News Agency of Nigeria {NAN} learnt that a tricycle was trapped and the passengers in the tricycle died in the inferno.According to an eye witness,Mr Cyril Ekpenyong from Obong Itam,the tricycle rider,was taken to a hospital,but died thereafter.Ekpenyong said that the driver refused to stop when the police flagged the truck to stop,but the police did not pursue the vehicle.He said that the thinking of truck driver was that the police team was pursuing him as he had poor lighting even at the rear.''We saw the truck as thee police were trying to flag it down because it was driving with one headlamp which was not even bright.The driver did not mind the police as he veered to the right of the policemen to escape''.

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