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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ABBA KYARI: PDP DEMANDS FULL INVESTIGATION.{PHOTO}.#PRESS RELEASE.

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July 29, 2021


Press Statement


Abba Kyrai: PDP Demands Full Investigation 


The Peoples Democratic Party (PDP) demands a forensic investigation into reports that the United States (US) Federal Bureau of Investigation (FBI) has linked head of IGP Intelligence Response Team, DCP Abba Kyari, to international fraudster, Abbas Ramon, popularly known as Hushpuppi.


The revelation of the involvement of Kyari, the head of Nigeria’s intelligence response unit, as a receiver of proceeds of international fraud is worrisome, disturbing and a stain on the integrity of our nation.


It is indeed disquieting that the integrity of our nation has fallen so abysmally low under the corrupt and fraud-patronizing President Muhammadu Buhari-led All Progressives Congress (APC) administration, to the extent that the head of its police intelligence unit is being charged in connection with international fraud.


Our party demands that the APC administration should not sweep this matter under the carpet given the manifest rapport between Kyari and some top APC leaders. We urge President Buhari not to “ease out” this case of corruption but should immediately restore the integrity and image of our nation by allowing for a forensic investigation on the suspect.


Moreover, if this Abba Kyari matter is not well handled, it will be a permanent stain on the reputation of our police, security system and our nation at large.


The PDP therefore asks President Buhari to direct the Inspector General of Police to take in Abba Kyari for questioning and if found culpable, he should be handed over to the FBI.


Signed:


Kola Ologbondiyan

National Publicity Secretary

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