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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AFBTE,DONATES ITEMS WORTH N20M TO EDO IDP CAMP.{PHOTO}.

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     The Association of Food, Beverages and Tobacco Employers (AFBTE), on Thursday, donated beverages and other items worth about N20 million to victims of the North East crisis, living at the Internally Displaced Persons’ camp in Edo State.
President of the association, Chief Patrick Anegbe, while presenting the items at the Camp, which is situated at Uhogua, Ovia North East Local Government Area of the state, said the gesture was part of the group’s Corporate Social Responsibility programmes.
Anegbe said: “As an association, we know we cannot donate some of the items we produce to the Internally Displaced Persons. We appealed to member companies to make donations and we got positive responses. The result is what we are presenting to the occupants of the camp.”
He expressed his empathy with the inmates and called on the federal government to expedite action on resettling them.“These people, for no fault of theirs, found themselves in this camp. They need to be catered for and empowered to live independent lives outside this place,” he said.
The Edo State Commissioner for Women Affairs and Social Development, Mrs Magdalene Ohenhen, received the items on behalf of the state government and expressed her gratitude to the association for the gesture.
Ohenhen said that the donation would bring succour to the inmates, and assured that the state government would ensure that they receive all the items.Mrs Evelyn Omigie, the camp supervisor, who received the items on behalf of the inmates, said the materials would go a long way in meeting the needs of the over 2, 500 inmates.
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