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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LAGOS STATE AUDITOR-GENERAL BOWS OUT OF CIVIL SERVICE.(PHOTOS).#PRESS RELEASE.

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LAGOS STATE AUDITOR-GENERAL BOWS OUT OF CIVIL SERVICE


The Permanent Secretary, Office of the State Auditor-General, Mr. Adeniji Salami, has meritoriously retired from the civil service after attaining the 35 years benchmark.

Speaking recently at the event put together to commemorate his retirement in Alausa, Ikeja, Lagos State Head of Service, Mr. Hakeem Muri-Okunola, described the former Permanent Secretary/Auditor-General as an inventive pacesetter.

The Head of Service, who was represented at the event by the Permanent Secretary for Home Affairs, Mr. Oluseyi Whenu, said: “Adeniji Salami is an intellectual, visionary and an actualiser. He had shown dedication, diligence and exemplary conduct in the service of Lagos State. He championed many causes before and while in office as the Auditor-General, that has allowed seamless integration of all audit activities within the State's purview”.
More photos below. 





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