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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COURT RESTRAINS DSS FROM ARRESTING SUNDAY IGBOHO.{PHOTO}.

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Court Restins Department Of State Services From Arresting Sunday Igboho.



An Oyo State High Court has granted an ex-parte motion stopping the Department of State Security and Attorney General of the Federation from arresting, intimidating, harassing, and blocking the bank accounts of Yoruba Nation agitator, Chief Sunday Adeyemo aka Sunday Igboho.


Justice Ladiean Akintola gave the order following an ex-parte motion moved by his lawyer Chief Yomi Aliu (SAN) at the court on Wednesday.

“The court has ordered that he must not be arrested, detained, killed in the next 14 days. The account also said that his account should not be blocked,” Yomi Aliu said after the case.


The court adjourned the suit until August 18.


SaharaReporters had reported how the Benin Republic police three Mondays ago arrested Igboho at Cardinal Bernardin International Airport in Cotonou, while trying to fly from the country to Germany.


The Department of State Services (DSS) had on July 1 raided the residence of the activist in Ibadan, Oyo state.


Igboho had planned a ”Yoruba Nation Rally” in Lagos two days before the raid.


The DSS raided the residence, killing two people and arresting 12 aides but Igboho escaped.


The agency alleged that Igboho was stockpiling weapons, and subsequently declared him wanted.

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