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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RECESSION OFFERS OPPORTUNITY TO DEVELOP TOURISM & OTHER SECTORS-AMBODE.{PHOTOS}.

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                      Lagos State Governor,Mr Akinwunmi Ambode today tuesday said the stark realities of the current economic recession could be a blessing if concerted efforts are geared towards harnessing other critical sectors such as tourism apart from the major focus on oil.Governor Ambode,who spoke at the National Tourism Conference held at Eko Atlantic City {EAC} in Lagos in commemoration of the World Tourism Day,said the current economic situation offered an opportunity for the country to re-order economic priorities and develop other revenue generating channels.He said the conference,which was organized by the Federal Ministry of Information,Culture and Tourism,was a necessary and strategic decision that would enhance the prospects of diversifying the revenue generation channels of the country for the developed and growth of national economy.Governor Ambode,who was represented by the Deputy Governor,Dr Idiat Oluranti Adebule,said there are components States blessed with natural tourism sites which could be developed to harness opportunities that would generate wealth and create jobs for the people.''The potentials of this sector can only be harnessed if we create the right environment for investment to thrive.We must open up the sector through incentives,attractive policies as well as the provision of world class infrastructure,'' the Governor said.More photos below.

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