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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EFCC ARRAIGNS MAN FOR GIVING FALSE INFORMATION.{PHOTO}.#PRESS RELEASE.

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     The EFCC, Kano Zonal office has arraigned one Abdullahi Tijjani before Justice O.A Egwuatu of the Federal High Court Kano on a one count charge of giving false information. Tijjani allegedly misled operatives of the EFCC by giving them false information wherein he alleged that a staff of Yankura Branch of Eco Bank Plc unlawfully withdrew the sum of Seven Million, Two Hundred Thousand Naira (N7,200,000) only from his corporate bank account. The matter has been adjourned to November 19, 2019, for commencement of hearing.
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