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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POLICE ARREST ARMED ROBBERS WHO ATTACKED KWARA STATE UNIVERSITY .(PHOTO).

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POLICE ARREST ARMED ROBBERS WHO ATTACKED KWARA STATE UNIVERSITY 


Men of the Kwara state police command have arrested a 20-year-old armed robbery suspect, Ridwan Abdulfatai, from Oke Fomo Ilorin and two other members of his gang. 

The spokesman for the Command, SP Okasanmi Ajayi, who confirmed the arrest in a statement issued in Kwara on Sunday, October 9, said the suspect attacked the students of Kwara State University, at about 3am on October 7. He said they were all robbed at their hostel called ‘Downtown’ hostel by armed hoodlums and their property forcefully carted away.

 “While approaching the suspected hide outhideout of the gang, the team was sighted by the hoodlums and the armed robbers took to their heels, one Ridwan Abdulfatai ‘M’ aged 20yrs, from Oke Fomo Ilorin was arrested by the detectives.

Consequently, the suspect under intense interrogation confessed he is the leader of a robbery gang terrorizing the Malete community and its environs, stating also that he is also a jailbird.''

The Police spokesman disclosed that a preliminary investigation led to the arrest of two other members of the gang, namely, Ibrahim Ridwan Akorede ‘M’ 25yrs of Oke Fomo area of Ilorin, and Aliyu Abubakar Apalado ‘M’ 25yrs, all confessed to the crimes.
 
Ajayi said the Commissioner of police set up a crack team of detectives comprising the Anti-cultists, Anti-Kidnapping, Anti-robbery, and personnel of Malete Division with the mandate to break the suspect’s foothold and bring the culprits to justice.

He said some of the items recovered from the suspects include One Locally made gun, One Jackknife and charms, and Eleven(11) Generators. Two (2) Motorcycles, One(1) small-size fridge, One(1) standing fan, One(1) pumping machine, Nineteen(19) iPhone 6 handsets, Three(3) iPhone11 handsets, Sixteen(16) iPhone 6 plus, Five(5) iPhone XR and other brands telephone handsets altogether totaling Eighty-seven (87) handsets, Ten(10) Laptops and Two(2) Television sets.

He explained that effort is still geared towards arresting the remaining members of the gang.



 

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