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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NIGERIANS DON'T OBEY ROAD REGULATIONS-FASHOLA.

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     Minister of Power, Works and Housing, Mr. Babatunde Fashola, has berated Nigerians on road use. According to him, Nigeria roads became death traps because road regulations were not obeyed. The Minister, who spoke at a one-day public enlightenment on developments in the road sector, said that what would make a nation to be prosperous, was compliance on-laws and regulations. He stated that road construction were all over the country, adding that the usage of those road would determine how long they would last.Emphasizing on none adherence to road regulations, he said “all over the world, one common thread of prosperous societies is their level of compliance with laws and regulations. “So, in those societies, you will see trucks parked in proper parks, which creates jobs, and not on the highways, which impede access and opportunity.“In those societies, you will see trucks carrying specified tonnage of cargo because it protects the road, and allows for it to be used again and again.”Therefore, while the temptation to overload and carry more with one truck, against regulation and good practice may be appealing, it is ultimately a barrier to prosperity. “Such practices may provide cheap and perhaps corrupt riches and income, but they do more damage to the roads from which the cheap income is made.
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