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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LASG DEPLOYS ENFORCEMENT OPERATIVES TO PREVENT RETURN OF SHANTIES,SQUATTERS ALONG OUTER MARINA,ONIKAN.#PRESS RELEASE.

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     In order to sustain the dislodgement of squatters and illegal structures on Outer Marina and Onikan, the State Government has deployed not less than 60 operatives of the three enforcement agencies of the State to various points along Onikan and Outer Marina.
The latest move was made possible through the creation of a synergy between the operatives of Lagos State Environmental Sanitation Corps (KAI), Lagos Neighbourhood Watch as well as Lagos State Parks and Gardens to sustain aesthetics in all the cleared areas.
Giving an update on the ongoing operations, the Commissioner for the Environment and Water Resources, Mr. Tunji Bello stated that the buy-in of the Office of the Assistant Inspector General of Police, Zone 2 at Onikan had been secured to sustain the effects of the enforcement exercise.
Bello said a large detachment of the operatives of KAI, Neighbourhood Watch and LASPARK will be deployed on a daily basis to man and patrol the listed areas and prevent a return of the environmental nuisance.
He requested that deployed teams with issues bordering on their safety or operations should call for reinforcement from their superiors, reiterating the commitment of the administration to ensure that there is no going back to the old, dirty, unkempt environment days along Outer Marina and Onikan.
Areas that have already been cleared and will be sustained in line with the directives of Governor Sanwo-Olu are the Onikan corridors including Police Zone 2 Office/Island Club, Race Course/Lagos Lawn Tennis Club and Outer Marina.
No photo description available.

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