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...

FEDERAL GOVT ASK EX-PRESIDENT JONATHAN TO STOP FINGER-POINTING ON CHIBOK GIRLS.

Image may contain: 1 person                The Federal Government has urged former President Goodluck Jonathan to stop engaging in finger-pointing over the issue of the Chibok girls who were abducted under his watch,calling such action an unnecessary distraction from ongoing efforts to secure the release of the girls who remain in captivity,long after they were abducted.
The advice was contained in a statement issued in Abuja today monday by the Minister of Information and Culture,Alhaji Lai Mohammed,following the former Presidents reaction to the report by a British newspaper that the British armed forces' offer to attempt to rescue the girls were rebuffed by then President Jonathan.
''While former President Jonathan reserves the right to defend his administration,he should not engage in finger-pointing by saying,in a statement,that some people who have obviously been playing politics with the issue of the Chibok girls will stop at nothing to further their interest,;; the Minister said.
He said if anyone ever played politics with the issue of Chibok girls,it was the Administration under whose watch the girls were abducted.
''After the girls were kidnapped and the Jonathan Administration did nothing for all of 15 days or make any determined efforts to rescue them thereafter,our party,the then opposition APC,told the nation several times that the whole Boko Haram crisis was allowed to escalate by the PDP-controlled Federal Government so they can use it as a political tool ahead of the 2015 elections.''In a statement on 8 Sept,2014,we said: ''President Jonathan-PDP's political manipulation of the Boko Haram has to be understood as part of its poker-like calculus for clinging on to political power ahead of the 2015 electtions.The Boko Haram crisis is readily used by the PDP to rationalize the Jonathan Government's abdication of its constitutional responsibilities,including visits and assistance to areas affected as well as effective response to abductions {e.g. the GEJ government was silent over the Chibok girls kidnaps for over 15 days}''.''Two-and-a-half years after that statement,we have been vindicated by the report that claimed President Jonathan rebuffed an attempt by the British government to help rescue the girls.We hope the former President will now refrain from stoking further controversy over the lingering abduction issue and allow the government of the day to focus on its ongoing negotiations to secure the release of the Chibok girls,'' Alhaji Mohammed said.
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