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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TWO SUSPECTED INTERNET FRAUDSTERS ARRESTED FOR KILLING A 40 YEARS OLD MAN FOR RITUAL. (PHOTO).#PRESS RELEASE.

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TWO SUSPECTED INTERNET FRAUDSTERS ARRESTED FOR KILLING A 40 YEARS OLD MAN FOR RITUAL. 


Operatives of Ogun state Police Command have arrested two suspected internet fraudsters popularly call yahoo Boys for killing a 40 years old man Abdullahi Azeez , cut him to pieces and used him for money making ritual. 

The suspects; Friday Abinya Odeh 21 years old and Poso Idowu 20 years were arrested following a report lodged at Owode Egba divisional headquarters on the 9th of June 2022 by the relations of the victim, who reported that the victim left his home at Kobape area on the 8th of June 2022 and did not return since then. 

Upon the report, the Commissioner of Police, CP Lanre Bankole, directed the anti kidnapping unit of the state Criminal Investigation Departments to take over the investigation and unravel the mystery behind the sudden disappearance of the man. 

In compliance with the CP's directive, the SP Taiwo Opadiran led team subsequently embarked on technical and intelligence based investigation which led them to the hideout of Friday Abinya Odeh on the 22nd of September 2022, where the Airtel Sim card of the victim was recovered.

His arrest led to the apprehension of his accomplice Poso Idowu.
On interrogation, the suspects confessed that they kidnapped the victim on the 8th of June 2022 at kobape area, at about 7:30 pm, from where they forcefully took him to the bush, killed him and pieces his body. 

They confessed further that it was one herbalist simply identified as Arab money who they claimed to have contacted on Facebook that prescribed the ritual for them All efforts to recover the remains of the victim proved abortive as the suspects claimed to have disposed it. 

Meanwhile, CP Lanre Bankole, has directed that the suspects be charged to court as soon as investigation is concluded.

Cc: Ogun State police command 


 

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