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 ARRESTS NINE FOR CYBER FRAUD TODAY AT ENUGU STATE.{PHOTOS}.#PRESS RELEASE.

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    The EFCC, Enugu Zonal Office on Friday October 18, 2019 arrested nine suspected cyber crime fraudsters at Mexmemphis Properties and Apartments, Maryland District, Enugu. The suspects, Precious Ibegbulem, Michael Odishi,Ebuka Kenneth, Akabuke Beluolisa, Chibueze Ezeagwu, Nnamdi Maduekwe, Kingsley Orazulike, Linda Chidera and Uche Nwosu were arrested following an intelligence report about their lifestyle and suspected criminal activities. On the strength of the information, the EFCC raided the home of the suspects and arrested them.More photos below.
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