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...

LASG TO DIVERT TRAFFIC AT OKE-KOTO/AGUNBIADE INTERSECTION IN AGEGE.(PHOTO).#PRESS RELEASE.



LASG TO DIVERT TRAFFIC AT OKE-KOTO/AGUNBIADE INTERSECTION IN AGEGE


As part of efforts to carry out flood abatement works and rehabilitation of some sections of the Oke-koto/Agunbiade intersection in the Agege Local Government Area, the Lagos State Government has announced traffic diversion plans for the duration of the rehabilitation works.

A statement signed by the Commissioner for Transportation, Dr. Frederic Oladeinde, said the section of the road will be temporarily closed to traffic for a period of one month, commencing from Friday 21st October to Monday 21st November, 2022 for the rehabilitation works.

Oladeinde, therefore, advised Oke-koto bound motorists from Oba Ogunji through the Fly Over Bridge to access the bridge ramp to Old Abeokuta/Nitel and Connect Orile-Agege. Similarly, he implored Oba Ogunji bound motorists from Old Abeokuta road to drive through Agege-Isokoko to connect Asade-Oba Akran road while enjoining road users from Ipaja road to make use of available alternative routes like Morcass Road to link Oniwaya to continue their journey.

He clarified that the diversion plan will not prevent motorists coming from Agunbiade and adjoining streets from using the Pen Cinema Bridge inward Oba Ogunji road.

Appealing for caution and cooperation of commuters plying the axis, the Commissioner implored road users to obey traffic signs which have been mounted along the construction zone to minimise any inconvenience while ensuring the free flow of traffic during the rehabilitation period.

Oladeinde also assured that the State Government has directed all relevant Traffic Management and Security Agencies to ensure the free flow of traffic and safety for all during the construction works.





 

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