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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APC SUSPENDS ROCHAS OKOROCHA FOR INSULTING PRESIDENT BUHARI IN PUBLIC.{PHOTOS}.

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According to a letter from the party’s Imo State chapter dated July 12, 2021, Mr Rochas was suspended for anti-party activity.“This is to inform you that the All Progressives Congress (APC) Party’s National Working Committee (NWC) has ratified your suspension by the Imo State Chapter of our great party for anti-party activities,” the letter said.
The ruling party accused Mr Rochas of “Continuous discrete meetings with the opposition party both at the state and national level, working in opposition to the APC-led government in Imo state, and flagrant public abuse on the person and office of the President, Federal Republic of Nigeria (an APC-led government).
“This suspension follows after the recommendation by the Imo State Disciplinary Committee set up to investigate allegations of gross anti-party activities against you which is in line with Article 21 (B) I-VI of the party’s constitution,” the APC said.
More photos below.

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