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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PRESIDENT BUHARI GREETS KING OF MOROCCO ON 22nd ANNIVERSARY .{PHOTO}.#PRESS RELEASE

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President Muhammadu Buhari has extended warm felicitations to His Majesty King Mohammed VI of Morocco on the 22nd anniversary of his ascension to the throne. 

The President, on behalf of the people of Nigeria, and of himself, wishes the King good health, and prosperity. The letter below:

 “On the occasion of the 22nd Anniversary of Your Majesty's ascension to the throne, I have the pleasure to express, on behalf of the people of Nigeria and myself, warm congratulations and best wishes for good health and prosperity.

 “Your Majesty's reign has witnessed very impressive economic and social development in the Kingdom of Morocco for the benefit of all your people. Under your reign, the Kingdom has also significantly contributed in advancing regional peace, stability and development.

 “We value the excellent fraternal relations between our two countries and look forward to building on the significant progress so far achieved under our renewed bilateral relation.

 “While wishing Your Majesty continued good health, please accept the assurances of my highest esteem.”


 Femi Adesina

Special Adviser to the President

(Media and Publicity)

July 30, 2021

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