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 FRSC OFFICER FOR FRAUD.{PHOTO}.#PRESS RELEASE.

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     The EFCC, Makurdi Zonal Office, on November 20, 2019, arraigned one Adetunji Oluwatoba Obasanmi, an officer of the Federal Road Safety Commission before Justice Mobolaji Olajuwon, sitting at the Federal High Court Makurdi, Benue State. He was arraigned on a three - count charge for False Pretense and Cyber Crimes. Obasanmi is alleged to have sometime in June 2019, intentionally used the name of one Kelly Brautigam, on an email without authority, which document he knew contained false pretence and thereby committed an offence contrary to section 25 of the cyber crimes (Prohibition, Prevention etc) Act, 2015 and punishable under the same section of the Act.
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