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...

IGP ORDERS SARS OPERATIVES TO WEAR POLICE UNIFORMS WITH FULL IDENTIFICATION PENDING THE LAUNCH OF NEW FSARS UNIFORM.#PRESS RELEASE.

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     The Inspector General of Police, IGP Ibrahim K. Idris NPM, mni represented by DIG Habila Joshak, Deputy Inspector General of Police, Operations Department, along with Commissioner of Police Federal SARS addressed critical Stakeholders, the Media and the public on the progress being made in the overhaul of Special Anti-Robbery Squad, now known as FSARS in the new arrangement. The critical Stakeholders in attendance are;
i. Mr Segun Awosanya (Segalink), Convener of #EndSARS and head of Universal Institutional Reform Advocacy Foundation and Dr Femi Amosun
iii. Professor Olu Ogunsakin represented by Mr Ayo Omotade
iv. Mr Asekome Oteiku, Director Legal/Admin International Human Rights Protection.
v. Ayo Akani and Team from Lincoln Carter Foundation
vi. Other key Stakeholders and senior Police Officers.
2. The highlights of the event are as follows;
i. The DIG Operations DIG Joshak Habila had key officials of the Police Force in attendance including the Commissioner of Police in charge of FSARS, CP Haliru Gwandu and DCP Amaechi Elumelu in charge of the IGP’s X-Squad and others senior Officers.
DIG Joshak Habila emphasized that the overhaul of SARS was beyond rhetoric and real reform was taking place. He noted among other things that Federal SARS operatives had been ordered not to attend to civil or commercial matters again. But strictly to Armed Robbery and Kidnapping cases only.
ii. CP FSARS, CP Habiru Gwandu in his remarks informed the gathering of the creation of a Human Rights Desk in every states of the Federation to take and address cases of infractions against members of the public by FSARS personnel anywhere in the country in collaboration with other Human Rights organisations.
He went further to note that the Police has involved the services of psychologists and counsellors in the ongoing screening of FSARS operatives.
iii. The DCP Amaechi Elumelu who heads the IGP’s X-Squad, a unit with the mandate of enforcing discipline in the Nigeria Police Force stated that the screening and mobilization of FSARS Operatives would not be business as usual again, pointing out that anyone who would become an operative would go through rigorous orientation, Human Rights training and other screening processes that will includes the evaluation of their previous records on Human Rights.
The DCP further announced the setting up of the Custody Records Management System which will be unveiled by the Inspector General of Police very soon. He explained that this system would contain the records of arrests, detentions and welfare details of suspects, noting that this system would discourage arbitrary arrest of people, and ensure that suspects are charged to court within 24 hours according to the law.
iv. In his address at the event, Mr Segun Awosanya, popularly known as @Segalink on Twitter who spearheaded the #ENDSARS Campaign appreciated the President, Federal Republic of Nigeria for the swift action in ordering the overhaul of SARS, noting that the government was a listening one. He called for trust between citizens and the police noting that “if it is well with the Police, it is well with the nation.”
The social media activist said that he would be giving all it takes to support the Police Force and called off the #ENDSARS and the reformation of SARS in the new FSARS arrangement.
3. The meeting ended successfully and a further dialogue with the critical Stakeholders, the Media and the Police is to come up very soon.
Ag. DCP JIMOH MOSHOOD
FORCE PUBLIC RELATIONS OFFICER
FORCE HEADQUARTERS
ABUJA
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Comments

  1. Thanks for the good writeup. It actually was a leisure account it.

    Glance advanced to far added agreeable from you!
    By the way, how can we communicate?

    ReplyDelete

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