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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FIRE GUTS STOREY BUILDING ON LAGOS ISLAND. (PHOTOS).

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 Fire Guts Storey Building On Lagos Island

Fire broke out of a storey building in the popular Balogun Market in Lagos Island on Sunday.

As of the time of filing this report, the building was still on fire and traders were trying to salvage as much as they could of their goods.

The building houses shops where they sell fabrics.

Credit: Oluwafemi Dawodu.

Check for update later.
More photos below. 




 

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