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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CONTRACT SCAM: EFCC ARRAIGNS GOMBE COURT OFFICIAL.{PHOTOS}.

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Image may contain: 2 people, people standing                  The Economic and Financial Crimes Commission,EFCC,arraigned one Usman Muhammad Dajji of the Gombe State Sharia Court of Appeal before Justice Sa'ad Muhammad of the Gombe State High Court on five count charges bordering on obtaining money by false pretence and forgery.The suspect who is the Chairman of Sharia Court of appeal staff multipurpose Cooperative Society,Gombe was arrested by EFCC operatives following a petition by one Sani Abdullahi of Sam Omosco Nigeria Limited,a company that specializes in computer supplies and accessories,alleging that sometimes in December,2012,the suspect approached him with a contract proposal to supply 3000 Units of Computer Laptop to the Sharia Court of Appeal Cooperative Society with a condition that he must pay the sum of N550,000.00 as commitment and processing fee before the execution of the contract.
The money was paid after being convinced as all document relating to the contract were presented,unknown to him that the suspect forged the official stamp of the Chief Registrar Sharia Court of Appeal,Gombe and the signature of one Abubakar Aliyu the Cooperative Society's Treasurer,for the furtherance of his dubious activities and diverted the said sum to his personal use.The accused person pleaded not guilty to all the charges read against him and the prosecution counsel S.M. Aliyu asked the court to fix a date for trial as all his witnesses and exhibits to tender before the court were ready.In his ruling,Justice Sa'ad remanded the accused person in prison custody pending the filing of his bail application while he adjourned the case to Monday,13 March 2017,for trial.More photos below.
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