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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LASBCA WARNS AGAINST INDISCRIMINATE DUMPING OF CONSTRUCTION MATERIALS ON ROADS.(PHOTO).#PRESS RELEASE.

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LASBCA WARNS AGAINST INDISCRIMINATE DUMPING OF CONSTRUCTION MATERIALS ON ROADS. 


… To Commence Monitoring, Enforcement Exercise in January 2023 

Lagos State Government has cautioned property owners and building developers to always give consideration to road users by ensuring that their construction works do not inconvenience other residents in the State. 

The General Manager of Lagos State Building Control Agency (LASBCA), Arc. Gbolahan Oki gave the warning on Monday in Ikeja, while addressing the reports on the indiscriminate placement of construction materials on the roads in different parts of the State.  

He advised owners and developers of buildings under construction to build fences and gate their sites and ensure that construction materials are properly placed within the confine of their property as against keeping them on the road. 

This, according to him, will ensure that the construction materials do not end up in the drains or hamper free human and vehicular movement. 

He pleaded with all concerned persons to adhere strictly to the warning, saying that officials of the agency will commence full monitoring and enforcement by end of January next year. 

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