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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LASG DECLARES ZERO TOLERANCE FOR STREET BEGGARS, DESTITUTE PERSONS.{PHOTOS}.#PRESS RELEASE.

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… As Special Team Commences Rescue Operations


True to its words of ensuring that Lagos is rid of all forms of environmental nuisance, the State Ministry of Youth and Social Development has begun ridding the street of beggars and destitute persons.


In an exercise tagged “Rescue Operation” undertaken by a special team of the Rescue and Rehabilitation department of the Ministry, in collaboration with the Police, Man ‘O’ War and other volunteers, major streets and markets in Mushin, Fadeyi, Yaba, Lekki and Sabo areas of Lagos were visited to rescue beggars as well as destitute and vulnerable people from the streets, under bridges, uncompleted buildings and other places unfit for human habitation.


Recall that a few weeks ago, the Honourable Commissioner for Youth and Social Development, Mr. Olusegun Dawodu addressed a press conference at Bagauda Kaltho Press Centre, Alausa,  informing the public of the plan, purpose and modus operandi of the special team set up to rescue beggars, destitute and vulnerable persons.


His words: “As a responsible and responsive government, the Governor Babajide Sanwo-Olu led-administration will not fold its arms and watch the State become a haven for beggars.”


“Street begging is a social vice that we cannot afford to watch attain uncontrollable level before we act; otherwise, all the good plans and programs to transform our dear State would be adversely affected, which is same with street hawking.”


Speaking after the exercise, the Head of Rehabilitation and Rescue Department, Mrs. Olutoyin Jaiyeola disclosed that about 128 persons, including male and female as well as mentally challenged persons, destitute and beggars were rescued by the team from different areas of the State.

More photos below.

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