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 MAJOR KILLED BY UNKNOWN GUNMEN IN ANAMBRA. (PHOTO).

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UNKNOWN gunmen have reportedly killed an army officer whose name was given as Major Churchill Orji at the dangerous Azia area in Ihiala local government area of Anambra State.

Orji hailed from Nneogidi village, Agulu in Anaocha local government area of the state. It was not clear what took him to Azia which is considered one of the most part of the state as the area has become a den of the dreaded gunmen.

Orji’s secondary school mate, Leonard Edu, while lamenting the death of the Army officer said he was his senior at Agulu Boys Secondary School.

“He was our labour prefect then. It is true that he was killed by unknown gunmen at Azia, although we are yet to have the details of what led to his death”, Edu said.

Since his death, Orji’s friends have also been reacting in the social media. In a tribute, one of them said: “Rest in peace my brother from Nneogidi village, Agulu, Major Churchil Orji killed yesterday( Sunday) at Azia/Ukpor while defending the South-East from the marauders.”

Another also wrote: “Father(God), we are at your mercy in Anambra State. May the soul of Major C Orji rest in peace.”

Anambra State Police Public Relations Officer (PPRO), Mr Tochukwu Ikenga could not confirm the incident, as he said that he was yet to receive the report.

 

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