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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POLICE FOIL ATTACK ON DANGOTE REFINERY.(PHOTO).#PRESS RELEASE.

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PRESS RELEASE

                                                                                                   

POLICE FOIL ATTACK ON DANGOTE REFINERY


-      CP Alabi Emplaces Fortified Security

 

Security operatives in the early hours of yesterday Monday March 28, 2022 foiled an attempted attack on Dangote Refinery, Lekki Free Trade Zone, Lagos.

 

Armed hoodlums numbering about twenty who gained access to the refinery through the lagoon side were repelled while attempting to cart away already-installed armored cables in the refinery.

 

The hoodlums on sighting security operatives fled the scene. One of the hoodlums was hit in the ensuing gunfire and died on the way to the hospital.

 

Investigation has commenced with a view to arresting the fleeing attackers.

 

Meanwhile, on the directive of the Commissioner of Police, Lagos State Command, CP Abiodun Alabi fdc, minm, psc, security at the refinery has been fortified.

 

E-SINGED

 

SP BENJAMIN HUNDEYIN, anipr, mipra

POLICE PUBLIC RELATIONS OFFICER

LAGOS STATE COMMAND

IKEJA.

 

 

29TH MARCH, 2022.

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