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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PDP MOURNS 'UMAR PARIYA',CONSOLES ATIKU.{PHOTO}.#PRESS RELEASE.

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     The Peoples Democratic Party (PDP) expresses shock and deep sadness over the death of Umar Pariya, a close aide and ally to the party’s Presidential candidate, Atiku Abubakar, on Tuesday.
The PDP describes Umar Pariya as a very patriotic and trustworthy Nigerian, who gave his best in the service of our dear fatherland, particularly as an aide to Alhaji Atiku Abubakar, while he was Vice President between 1999 and 2007.
Umar Pariya discharged his duties to our nation with utmost humility and dedication. His continued loyalty to Atiku Abubakar, even to the end, shows his firm belief and commitment to the ideals of justice, patriotism and national cohesion, which Atiku Abubakar stands for.
He was an exceptional and unassuming democrat who made immense contributions and sacrifices towards the upholding of rule of law and strict adherence to the provisions of the 1999 Constitution (as amended) to ensure national stability, equity and fairness in governance.
The PDP is extremely saddened that Umar Pariya died at the time his wealth of experience, loyalty and contributions are needed the most.
The party commiserates with Umar Pariya’s family, our Presidential candidate, Atiku Abubakar as well as friends and associates of the deceased and prays that God grants eternal rest to the faithful departed.
Signed:
Kola Ologbondiyan
National Publicity Secretary.
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