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...

PARTY CONGRESSES : WE WERE FAIR TO ALL- APC.

Image result for apc logo             The Ogun State chapter of All Progressive Congress APC has stated that the 
recently conducted ward congresses of the party was duly held with full compliance with the constitution of the party A group led by Hon. Kunle Adesina had alleged that the congresses were improperly conducted. Specifically Adesina alleged that party members who according to them were not in the good books of the state governor, Sen.Ibikunle Amosun, were denied participation in the exercise.However, the party, through a statement by its Publicity Secretary Sola Lawal, maintained that every bonafide member of the party who was available at the venues of the congresses across the state participated and voted.“A Five -man Congress Committee headed by Alhaji Bashir Machina was sent to Ogun State by the National Organ of the party as was the case in all the 36 States in the country to conduct the congress. The group did its job and turned in its report to the national secretariat”.“Subsequently Congress Appeal Panel also came, spent four days without a single petition filed with it. If any one now suddenly woke up to cry marginalization it would be a mere after thought”.The party maintain that any of its members across the State who claimed not to be aware of the congress could not and should not lay claim to the membership of our great party, APC, since mobilization was done through the media Nationally, a process which Ogun state chapter of the party complemented by embarking on media announcement throughout the state some days before the congress. The party debunked insinuation of factionalisation within its rank stating that division , if ever there was one ended with the 2015 election. Nigerians will recall that some months to the 2015 election, a group of some supposedly loyal and founding members of the party factionalized the party and publicly renounced its membership of the party and went ahead to join the Social Democratic Party and worked vigorously against our party APC in all elections – House of Assembly, House of Reps, Senate, Governorship and the Presidential.We hope the same set of people and their co travelers are not desperate to recreate what they did in 2015 – as we move towards 2019“As democrats, the doors of our party in Ogun State remain wide open to all as long as they operate within the ambit of the party’s constitution, rules and regulation.
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