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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JOS IS CALM, NO CAUSE FOR ALARM AS NORMALCY IS RESTORED TO GADA BIYU .{PHOTO}.#PRESS RELEASE.

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Jos, the capital city of Plateau State is calm and peaceful as there is no cause for alarm. The breach of peace reported around Gada Biyu, Jos North LGA has been put under control following swift response by security agencies. 


The security personnel responded to the incident where some youths reportedly obstructed traffic and set ablaze two trucks on the highway. 


The intervention of the security personnel immediately brought the situation under control as the youths were dispersed and the road cleared, thereby restoring traffic flow. 


With the return of normalcy around Gada Biyu and environs, the Government is urging citizens to avoid any act that could lead to the breakdown of law and order. 


Meanwhile, security forces have continued their operations to dominate areas affected by recent attacks in Bassa and Riyom LGAs with a view to restoring normalcy and arresting perpetrators as directed by Governor Simon Lalong after an emergency Security Council Meeting. 


Dr. Makut Simon Macham 

Director of Press & Public Affairs to the Governor of Plateau State. 

3rd August 2021.

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