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 ONE FOR COUNTERFEITING FOREIGN CURRENCIES+ RECOVER FAKE DOLLAR NOTES. (PHOTOS).#PRESS RELEASE.

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POLICE ARREST ONE FOR COUNTERFEITING FOREIGN CURRENCIES 

 - Recover fake Dollar notes 

The Rapid Response Squad (RRS) unit of the Lagos State Police Command has arrested a notorious currency counterfeiter who specialized in duping unsuspecting members of the public within Computer Village in Ikeja area of Lagos metropolis.

The suspect, Haruna Garba 'm' 38 years old was arrested after a victim he had duped in August, 2022, raised alarm after unexpectedly sighting him again dubiously engaging a customer, close to the same place he had been swindled.

Preliminary investigation indicates that Haruna Garba, who was found with fake seven hundred Dollars, has been in the fraudulent business of fake currencies for over three years after he was tutored by his late master.

The Commander RRS, CSP Saheed Olayinka Egbeyemi, has in line with the directive of the commissioner of police Lagos state, CP Sylvester Abiodun Alabi, transferred the suspect and exhibits to State Headquarters for further investigation and eventual prosecution. 

SP BENJAMIN HUNDEYIN, anipr, mipra
Police Public Relations Officer,
Lagos State Command,
Ikeja-Lagos. 

October 19, 2022.

More photos below. 


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