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 UPHOLDS GOV. WIKE'S RE-ELECTION,DISMISSES LABOUR PARTY'S PETITION TODAY.[PHOTO}.#PRESS RELEASE.

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     The Rivers State Governorship Election Tribunal has dismissed the petition filed by the Rivers State 2019 Labour Party Governorship Candidate, Chief Isaac Wonwu against the 2019 Electoral Victory of the Governor Nyesom Ezenwo Wike.
Chairman of the Rivers State Governorship Election Tribunal, Justice O.K Kaigama dismissed the petition following a motion for withdrawal, moved by counsel to Chief Wonwu, Mr Uche Ulemene.
Justice Kaigama also stated that the Labour Party Governorship Candidate withdrew the petition on his own volition and that there were no illegal agreements that necessitated the withdrawal.
Counsel to the Rivers State Labour Party Governorship Candidate sought the leave of the Tribunal to withdraw the petition and strike out same.
He informed the Tribunal that his application to withdraw the petition is accompanied by a notice of consent to withdraw, marked as Exhibit A.
He added that also annexed is an affidavit against illegal terms of withdrawal.
Counsel to the Governor Wike, MS Agwu said that they are not opposed to the withdrawal. He announced that he filed an affidavit against any illegal terms of withdrawal, noting that the petitioner withdrew the petition on his own volition.
The Tribunal dismissed the Labour Party Petition EPT/RS/GOV/O4/2019, saying that the Labour Party Governorship Candidate stated that he withdrew the petition in the interest of Rivers State.
Counsel to INEC, Abdulhakeem Mustapha (SAN) informed the Tribunal that INEC filed a preliminary objection to the Petition. He stated that INEC is not opposing the application for withdrawal.
He announced that INEC filed a preliminary objection because the petition lacked merit. He urged the Tribunal to dismiss the petition.Governor Wike emerged victorious at the 2019 Governorship Election where he polled 886,264 . The AAC Candidate scored 173,859 to emerge second.
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