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...

DELE MOMODU REGRETS PAINTING EX-PRESIDENT GOODLUCK JONATHAN AS INCOMPETENT.{PHOTO}.

 

Dele Momodu Writes:
"Today, I am now reasonably convinced that the entire melodrama was meticulously planned and masterfully executed in order for some people to paint President Goodluck Jonathan as pathetically incompetent, and the reason his government must be sacked urgently.
I confess to believing the full narrative at the time, like most Nigerians, hence my almost fanatical support for Major General Muhammadu Buhari, in that sad period of our nascent democracy.
I wish to express my sincere apologies once again for believing that tale by moonlight and for being amongst those who plunged Nigeria into this unmitigated disaster from which we may not fully recover in decades to come unless God decides to deliver us miraculously. " - Dele Momodu
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