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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TERRORISM: LET JUDICIAL PROCESS RUN ITS COURSE, PRESIDENT BUHARI, PM BORIS JOHNSON AGREE AT BILATERAL MEETING.{PHOTOS}.#PRESS RELEASE.

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President Muhammadu Buhari and Prime Minister Boris Johnson of Britain Thursday, appraised the war against different forms of terrorism in Nigeria, and agreed that the judicial process be allowed to run its course. 

Holding bilateral talks at the sidelines of the Global Education Summit in London, the two leaders said it was important that the judicial process runs without interference, no matter who was involved. 

President Buhari briefed the Prime Minister on Nigeria’s power needs and efforts being made, as well as initiatives geared at achieving food security. 

He also reviewed the security situation in the different regions of the country, while PM Johnson pledged Britain’s preparedness to lend a helping hand. 

“We are available to help,” he said. 

The two leaders equally discussed how to increase trade between the two countries, develop solar and wind power, leadership of the Commonwealth going forward and other matters of mutual interest.

 

Femi Adesina

Special Adviser to the President

(Media and Publicity)

July 29, 2021.

More photo photos below.

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