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...
Armed robbers operating on a motorcycle yesterday monday killed a middle-aged man and injured another during a robbery attack at Total filling Station beside Kamo Plaza in Upper New Market road,Onitsha,Anambra State.According to a resident of the area identified as Divine Olisa,the robbers hid their guns inside a sack and pretended as if they wanted to buy fuel.After they were attended to,the suspected robbers brought out their guns and shot a man in the leg.They also entered the cashier's office and shot him dead.The robbers were said to have fled on their motorcycle before the arrival of security operatives.One more photo below.
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