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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TRIBUNAL DECLARES PDP'S ADELEKE WINNER OF OSUN STATE GOVERNORSHIP ELECTION .

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  The Election Petitions Tribunal set up for the 2018 governorship election in Osun State has declared Ademola Adeleke winner of the election.
The three-man panel said during its ruling in Abuja Friday afternoon that the rerun election that held on September 27 was illegal.
The tribunal therefore deducted the votes scored by the APC candidate Gboyega Oyetola at the rerun illegal.
The tribunal said Mr Adeleke won the election at the first ballot on September 22, and the rerun that INEC devised to reach a final conclusion a week later was illegal.
The ruling could affect several results from the 2019 elections, where INEC had declared results in several states inconclusive and ordered rerun.
The reruns would hold on Saturday.More details later.
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