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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ARMY DISMISSES TWO SOLDIERS OVER KILLING OF ISLAMIC CLERIC IN YOBE.(PHOTOS).#PRESS RELEASE.

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ARMY DISMISSES TWO SOLDIERS OVER KILLING OF ISLAMIC CLERIC IN YOBE 


... soldiers to face civil prosecution

The Nigerian Army(NA) has dismissed from service, two soldiers, Lance Corporal John Gabriel and Lance Corporal Adamu Gideon, allegedly involved in the killing of an Islamic cleric, Sheik Goni Gashua Aisami in Yobe state. The soldiers were dismissed after facing trial at the Headquarters 241 Recce Battalion, Nguru on Saturday 27 August 2022, having been indicted in a report of a Board of Inquiry set up to investigate the unfortunate incident.
Both soldiers were charged and summarily tried for Failure to perform military duties and Conduct prejudice to service discipline, punishable under Section 62(a) of Armed Forces Act CAP A20 and Section 103(1) of Armed Forces Act CAP A20 Laws of the Federal Republic of Nigeria 2004. Both of them were found guilty and awarded reduction of rank from Lance Corporal to Private and Dismissed Regiments.

The two dismissed soldiers will be officially handed over to the Nigeria Police, Yobe State Command in Damaturu for civil prosecution in the court of law.

It could be recalled that the NA had pledged to institute a Board of Inquiry to unravel the circumstances surrounding the incident and speedily bring the suspects to justice, if indicted.

Once more, the NA wishes to commiserate with the family of the victim and the good people of Yobe State. May the soul of the deceased rest in perfect peace.

ONYEMA NWACHUKWU
Brigadier General
Director Army Public Relations
27 Aug 2022.
More photos below. 




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