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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EFCC CONVICTS ELECTRICIAN FOR ROMANCE SCAM.(PHOTOS).#PRESS RELEASE

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EFCC Convicts Electrician for Romance Scam

The Kaduna Zonal Command of the EFCC on August 3, 2022, secured the conviction of one Shittu Taiwo before Justice Darius Khobo on a one count charge.

He pleaded guilty to the charge, prompting the prosecution counsel, M.E Eimonye, to ask the court to convict the defendant accordingly. Justice Khobo convicted and sentenced the defendant to 5 years imprisonment with an option of fine of N100, 000,00. He is also to forfeit his Nokia G10 Android phone to the Federal Government.
One more photo below. 

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