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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EFCC QUIZZES 9 SUSPECTED OIL THIEVES IN RIVERS STATE.{PHOTOS}.

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Image may contain: one or more people and outdoor                    Operatives of the Economic and Financial Crimes Commission,EFCC,have commenced investigation of nine suspected oil thieves,who were arrested by the Nigerian Navy Forward Operating Base Bonny,Rivers State and handed over to the Commission for further investigation and possible prosecution.The suspected illegal oil bunkerers are being quizzed in the Port Harcourt's zonal office of the EFCC.The nine crew members onboard the vessel {MT Lady Swithin} are: Engineer Tony Edumesaro,Olu Gbenga Obebe,Lucky Oshogbon,Erete Moses,Steph Olu Peters,Raphael Olu Peters,Gillis Ibinabo,Ikechi Nwanyanwu and Ernest Iyalla.They were handed over to the EFCC by the Commanding Officer,FOB Bonny,Captain S.W. Olorundare.While handing over the suspects and the vessel to the EFCC,Olorundare said that the Nigerian Navy Ship OLOGBO,while on patrol on January 13,2017,arrested MT LADY SWITHIN along Calabar offshore,conveying about 300,000 litres of products,suspected to be Automotive Gas Oil {AGO}.The suspects were also held on suspicion of illegal bunkering of petroleum product without license.More photos below.
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