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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MARWA HARPS ON INTERNATIONAL COOPERATION AGAINST DRUG TRAFFICKING.{PHOTOS}.#PRESS RELEASE.

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 Marwa harps on international cooperation against drug trafficking

. As NDLEA signs MoU with Gambian anti-narcotic agency


Chairman/Chief Executive of the National Drug Law Enforcement Agency, NDLEA, Brig. Gen. Mohamed Buba Marwa (Retd) has harped on the need for regional and international cooperation to successfully cut off drug supply to the rising criminal gangs across the world.


Gen. Marwa stated this on Wednesday 4th August, 2021 in Banjul, the capital city of Gambia while speaking at the signing ceremony of a Memorandum of Understanding (MoU) between NDLEA and Drug Law Enforcement Agency, Gambia (DLEAG), which borders on cooperation in combating illicit production, manufacture, and trafficking in narcotic drugs, psychotropic substances and their precursors.


He said nations across the globe are daily grappling with the challenge of drug-induced crime and criminalities, and as such must forge a common front to confront the evil twins of drug trafficking and abuse. He expressed optimism that the collaboration between Nigeria and Gambia on drug war will ginger similar partnerships among other countries in West Africa and on the African continent.


According to him, the MoU is in furtherance of the affirmation and commitment entered into between the Ministers of Justice of the two countries at the 62nd session of the UN Commission on drug in Vienna, Austria. 

He said the commonality of English Language between us and shared colonial history, heightened by our cultural affinity and business transactions in addition to statistics on drug abuse in West Africa calls for urgent need for collaboration. We in the NDLEA are prepared to collaborate with the sharing of intelligence, operations and any other area that will help to effectively combat illicit drug trafficking between our two countries.


Speaking earlier, the Director General of DLEAG, Alhagie Bakary Gassama commended the proactive leadership of Gen. Marwa and its impact on NDLEA since he assumed headship seven months ago. While emphasising the need for partnership and intelligence on drug interdiction efforts between the two agencies, Gassama said such would benefit both countries and the African continent.


Also speaking at the event, the Gambian Minister of Interior, Yankuba Sonko commended the initiative between NDLEA and DLEAG, stressing that such will in no small boost law enforcement operations against drug trafficking in Africa and promote law and order in the two countries.


Present at the well-attended ceremony were Nigerias Ambassador to Gambia, Mohammed Manu and Heads of various law enforcement and intelligence agencies in the Gambia, among others.


Femi Babafemi

Director, Media & Advocacy

NDLEA Headquarters, Abuja

Wednesday 4th August, 2021

One more photo below.

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