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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TWO CURRENCY COUNTERFEITERS IN EFCC CUSTODY.{PHOTOS}.#PRESS RELEASE.

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    Operatives of Economic and Financial Crimes Commission, EFCC Makurdi Zonal Office have arrested two men, Moses Adukwu and Iorlumun Reuben for currency counterfeiting.
The journey for the two men began when the EFCC Makurdi zonal office received a case transferred from the Department of State Service, DSS against them.
Iorlumun, 27 years old from Vandeikya Local Government Area of Benue State was arrested by DSS who rescued him from being lynched. He had purchased airtime from a woman who noticed that Reuben had paid her with fake currency and alerted people around.
When interrogated, he confessed that he was introduced to the business by another man still at large who had also introduced him to a supplier, Adukwu. He also confessed to still be in possession of about N18,000 fake currencies which he has been unable to spend before his arrest.
Adukwu, 33, who hails from Olamabiro Local Government Area of Kogi State, is a former bus driver who joined the counterfeiting business in 2017. He claimed he was introduced to the fraudulent business by one Mohammed still at large. He also confessed that he had visited Lagos to get his consignment but his meeting with the supplier was conducted under the Oshodi bridge.Subsequently, he paid the cash equivalent into the supplier's account while his consignment of fake currencies are sent to him by Waybill process.
Adukwu revealed during interrogation that for N50,000 real currency, he gets about N400,000 fake naira notes in four packets. He then sells each pack of fake currency for N25,000 of genuine currency.
They will soon be charged to court.One more photo below.
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