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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TOKYO OLYMPIC: OUR ATHLETES NOT BANNED FOR DRUGS-AFN.{PHOTOS}.

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The Athletics Federation of Nigeria (AFN) has described as misleading the headline in some national dailies which described as a ban the ineligiblity of 10 Nigerian athletes to compete at the ongoing Tokyo 2020 Olympics due to non-completion of their mandatory three out of competition test (OCT). 

                              

Adeniyi Beyioku, Secretary-General of the Federation said in a statement that the athletes have done nothing wrong as to be labelled 'banned', as the screaming headlines in some Nigerian dailies indicated. 

                              

'The attention of the Federation has been drawn to reports in some Nigerian newspapers that our athletes have been banned. This is far from the truth. The athletes were only declared ineligible to compete because they did not complete the three out-of-competition test that would have made them eligible for only the Tokyo Olympic Games.                                   


'While the Federation regrets the unfortunate incident, we however plead on behalf of the athletes, who have complained about the negative tag, that they are not banned from track and field as they have not violated any anti-doping rules.                                        


'The athletes are free to compete in the many track meetings that will hold  immediately after the Olympics across the globe and it will be inappropriate and unpatriotic to tag them as banned athletes.               


'The Athletics Integrity Unit (AIU) did not use the word ‘banned' in its press release naming 18 athletes from six countries who are ineligible to compete at this Olympics due to the OCT failure.                 Both the AIU and World Athletics usually, after all anti-doping procedures have been concluded, state the duration of the ban or suspension slammed on any violator of the antidoping rules.          


'In the case of our athletes, they have not contravened any anti-doping rule and should be tagged as one', said Beyioku who has just been recognised as the Secretary-General of the AFN by World Athletics.

One more photo below.

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