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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INEC DIRECTOR FACES PROSECUTION FOR N16MILLION SCAM.{PHOTO}.

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Image may contain: one or more people and close-up                   The Economic and Financial Crimes Commission,EFCC,has concluded arrangements to prosecute a Deputy Director of the Independent Electoral Commission,INEC in Akwa Ibom State,and former Electoral Officer in Rivers State,Gogo Anderson Waribo,for his alleged collection of N16million from the infamous N23billion Diezani Allison Madueke's during the 2015 general election bribery funds.Waribo was arrested by operatives of the anti-graft agency following intelligence report that some INEC officers conspired with some staff of Fidelity Bank to defraud the Federal Government of several millions of naira.Although,he has consistently denied involvement in the fraud,investigation revealed that the INEC Deputy Director's name is on the list of beneficiaries of the money.He is alleged to have received the sum of N16 million through his First Bank account on March 27,2015.Waribo allegedly gave N5 million from the N16 million to Peter Popnen,an ex-INEC official.The suspect will be arraigned in court as soon as investigation is completed.
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