SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).
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...
Today,June 14,2017, the Code of Conduct Tribunal sitting in Abujs discharged and acquitted Senator Saraki on a case of false declaration of assets,which started in September 2015.Senator Saraki who took to Social media to share the good news with the photo above further said ''I thank the Almighty Allah,the ultimate Judge and the repository of all powers.He alone has brought about this victory.I am immensely grateful to all my colleagues in the National Assembly for their abiding support.All through my trial,they demonstrated their strong conviction about the choice we all decided to make two years ago.I thank members of my family for their unflinching support.I thnk all friends and supporters back home in Kwara State and across the length and breadth of our country for their prayers and their sacrifies.My gratitude also goes to all members of my legal team for their tireless efforts to ensure the cause of justice is served.After undergoing the crucible of a tortuous trial,my vindication today calls for celebration.It is my belief however that if there should be any celebration at all,it should be a celebration at all,it should be a celebration of the hopes that this judgement lives us as citizens that despite all the challenges that we face as a country,we are well on our way to building a country where the innocent needs not be afraid.I therefore urge all my supporters to refrain from any unbridled triumphalism.The challenges that our country faces today are enormous and do not allow for wanton celebration.Instead,we should all reflect on the significance of this moment and what it meant for our democracy.On a personal note,I harbour no grudge against anyone,regardless of the role they might have played in the persecution that I had endured in the last two years.I believe that if my trial had in anyway given hope to the common man that no matter the forces arraigned against him,he can still get justice in our courts,then my tribulation had not been in vain.Once again,I than my colleagues in the 8th Senate for standing firm.Regardless of the distraction of my trial,we have achieved more as legislators than the previous Senates.Now that this distraction is over,we can even achieve so much more.We must now proceed from here with greater vigour to deliver on the expectations of Nigerian and show that this 8th Senate can indeed play a central role in improving the quality of lives of our people.Lastly,I thank all the gentlemen of the press for your abiding interest in this case,which I believe had contributed in no small measure in ensuring that truth and reason ultimately prevailed.
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