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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KADUNA TRAIN ATTACK: PRESIDENT BUHARI DIRECTS IMMEDIATE IMPLEMENTATION OF SECURITY SOLUTION; CONDEMNS INCIDENT.(PHOTOS).#PRESS RELEASE.

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KADUNA TRAIN ATTACK: PRESIDENT BUHARI DIRECTS IMMEDIATE IMPLEMENTATION OF SECURITY SOLUTION; CONDEMNS INCIDENT

 

President Muhammadu Buhari has directed the immediate conclusion of all the processes for the implementation of the integrated security surveillance and monitoring solution for the Abuja to Kaduna railway line and that this be extended to cover the Lagos-Ibadan railway line.

He also directed the Nigerian Railway Corporation management to speedily repair the damaged lines and resume normal service without delay.

The President gave these directives in Abuja, Tuesday, after receiving briefs from the Service Chiefs led by the Chief of Defence Staff, General Lucky Irabor, with the Chief of Army Staff, Lt-General Faruk Yahaya, the Chief of Air Staff, Air Marshal Isiaka Amao, the Inspector General of Police, Usman Baba, as well as Major General Samuel Adebayo, the Chief of Defence Intelligence and the Director General of the Department of State Services, DSS, Yusuf Magaji Bichi in the State House.

Additionally, the President charged the law enforcement chiefs to bring back all passengers kidnapped and ensure that each of the callous terrorists are hunted down and made to face justice for their heinous acts as no one or group should be allowed to make the country prostrate.

President Buhari reiterated his earlier directive that the military should deal ruthlessly with terrorists. He asked them to be more decisive and not spare anyone unlawfully wielding the AK 47 weapon.

"No one should be allowed to hold the country to ransom," said the President.

President Buhari strongly condemned the bombing of the passenger train, describing it as a “matter of grave concern.”

According to the President, “like most Nigerians, I am deeply pained by its occurrence, the second of its type, which has resulted in the death of a yet to be determined number of passengers and others who suffered injuries.

“The attack on the train, a safe means of transport to many, is callous; and our thoughts are with the families of the deceased and prayers for the injured," he said.

The President commended the Law Enforcement agencies for their prompt response and emergency personnel who were responsible for the evacuation and treatment of the injured persons.

 

Garba Shehu

Senior Special Assistant to the President

(Media & Publicity)

March 29, 2022.
More photos below. 




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