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...

IPOB: SOUTH EAST LOSES N10 BILLION EVERY SIT-AT-HOME DAY-GOV. UMAHI.{PHOTO}.

Chairman, South East Governors forum and Governor of Ebonyi state, Chief Dave Umahi on Sunday evening said the zone loses over N10 billion in every sit-at-home the people of the region observe.


Since the leader of the Indigenous People of Biafra (IPOB) Mazi Nnamdi Kanu was arrested, the organisation has declared every Monday sit-at-home until he is released.


He noted that the state would not subscribe to incessant calls for sit-at-home, insisting that any Civil Servant who was absent from work to observe sit-at-home, would be sanctioned.


“Evil will continue to thrive if good people keep quiet; we must make Ebonyi State very exceptional by rising to the challenges. When we shout true federalism, I say I agree but it should be administrative restructuring, Ebonyi State is not in support of any State collecting VAT, we are in support that FIRS should continue to collect tax and share.


“We are destroying our economy, the sit at home is not happening in South West, the North is not sitting at home, each time we sit at home, we lose over N10 billion in our economy, so Ebonyi State will not sit at home any day, so I charge the commissioners to go all out and ensure that Civil Servants come to work, and for the markets, I will personally be in the markets tomorrow, anyone who is no longer interested in owning shops can go home.”

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