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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THE FLOODS HAVE RISEN AGAIN TO DESTROY THE LIVELIHOODS OF OUR PEOPLE - GOV. SOLUDO. (PHOTOS).#PRESS RELEASE.

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The floods have risen again to destroy the livelihoods of our people. Across five local governments, plus communities in sister States like Delta and Kogi. The past week has been devastating for our people. 

Emergency holding camps are set up in the nearest highlands, as we have been evacuating hundreds of internally displaced people from affected areas. Scores of other displaced people are thronging in daily to seek shelter, food and healthcare. As a government we are committed to alleviating the sufferings of our people with resources available to us. 

I wish to call upon public spirited individuals and corporate bodies to join us in providing the needed succour to our displaced brethren. I visited the IDP camps to get a feel and have personal assessment of the conditions. We will not abandon our people to fate.

This is another reason we must take issues of the environment seriously, and work to stop all human activities that aggravate this condition.

CC. Soludo CFR.
More photos below. 




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