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...
Stanel Group has endorsed Popular Nigerian celebrities,Chief Chiwetalu Agu,Chioma Chukwuka and Uti Nwachukwu as their brand ambassadors.The Chairman and CEO of Stanel Group,Mr Stanley Uzochukwu disclosed this while receiving the trio in his office on saturday in Awka,Anambra State.It could be recalled that Stanel Group commissioned its Stanel World in Awka,Anambra State on friday and unveiled its entirely new products and services ranging from Stanel Tyres,Stanel Engine Oil,Stanel Gas Cylinders,Farmers Market,Chicken Republic {acquired franchise},Automated Car Clinic and other First Class services.Unveiling the brand ambassadors on Saturday,Stanel Group Secretary,Chief Emeka Etiaba,SAN,said the Official crowing ceremony of the signed ambassadors would take place on Wednesday,12 July,2017.More photos below.







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