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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MINUTES AFTER THE FHC IN LAGOS ORDERED THE DSS TO RELEASE IFEANYI UBAH WITHIN 48 HOURS,THE COURT GAVE DSS THE NOD TO DETAIN HIM FOR ANOTHER 14 DAYS,TODAY.

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Image result for ifeanyi ubah              According to Punch Newspaper,the Federal High Court in Lagos has ordered the Department of States Services to within 48 hours release the Managing Director of Capital Oil and Gas Limited,Ifeanyi Ubah,who has been in custody since May.In a ruling today thursday,the judge dismissed the objection by the DSS and the NNPC and ordered that Ubah should be released with 48 hours.But Minutes after a Federal High Court in Lagos ordered the Department of State Service to release embattled oil magnate,Ifeanyi Ubah,within 48 hours,another court in the Federal Capital Territory has given the agency the nod to hold him for another 14 days.Justice Yusug Halilu of the FCT Federal High Court today thursday extended the detention order of the Chief Executive Officer of Capital Oil and Gas Ltd following an ex-parte application the DSS filed through its lawyer Mr G.O.A Agbadua.The agency said it filed the application considering that an earlier order the court granted it on May 10,elapsed on wednesday.
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