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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GOVERNOR BALA DISTRIBUTES EMPOWERMENT ITEMS IN GANJUWA AND DARAZO,{PHOTO}.#PRESS RELEASE.

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His Excellency, the Executive Governor of Bauchi State, Senator Bala Abdulkadir Mohammed today performed the launching of empowerment programme under Kaura Economic Empowerment Programme (KEEP) for beneficiaries in Ganjuwa and Darazo Local Government Areas of the state.


At the ceremony in Kafin Madaki of Ganjuwa Local Government and Darazo Local Government separately, Governor Bala said the occasion is a continuation of the formal launching of the programme in all the 20 Local Government Areas of the State.


He said the empowerment items are part of the package the State Government earmarked to address unemployment and poverty in the state.


He added that his administration is desirous of pulling the majority of people of the state out of poverty and it is determined to give the necessary support to poverty alleviation and economic empowerment agencies to effectively and efficiently discharge their responsibilities.


Governor Bala reassured the people of the state that his administration is irrevocably committed to the upliftment of their condition of living through various economic empowerment programmes.


The Governor disclosed plans by his administration to support artisans and traders across the state with five hundred million naira soft loan to improve their business activities.


The items for the empowerment include provision of stater packs and fifty thousand naira cash to five hundred persons per local government, provision of three motorcycles in each ward of the twenty local governments for ward chairmen, coordinators as well as youth leaders as beneficiaries.


Others according to the Governor Bala are the provision of one hundred thousand cash to women and youth leaders in each of the twenty local governments as well as five buses to each of the local government areas of the state.


Governor Bala at the occasion ordered the immediate payment of July salary to enable Muslims  celebrate the forthcoming sallah without any challenges.


Also speaking, the State First Lady Hajiya Aisha Bala Mohammed and the State PDP Chairman Hamza Koshe Akuyam appreciated Governor Bala for his foresight to initiate the empowerment program which will significantly reduce the level of poverty and unemployment in the society.


In their goodwill messages, members of the State House of Assembly representing the two LGAs, Honorable Yusuf Inuwa Dadiye, Honorable Garzali Abubakar, Honorable Sabo Sade assured their support and cooperation for the success of the empowerment program of Governor Bala led administration in the State.


Lawal Muazu Bauchi New Media Aide to Bauchi Governor

13/7/2021.

More photos below.

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