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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TENSION IN EBONYI AS GUNMEN ENFORCING SIT-AT-HOME SET MARKET ABLAZE.(PHOTO).

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Tension In Ebonyi As Gunmen Enforcing Sit-at-home Set Market Ablaze


Unidentified gunmen suspected to be enforcing the illegal sit-at-home, have set some markets on fire destroying goods and properties worth millions of naira in Ebonyi State.

The incident which occured on Monday made people run for their dear lives as all businesses, offices were all shut down including banks.

According to a source, he said “Town is rowdy right now. I had to go back to my house as I saw everybody driving back and running away.”

Also corroborating, another source said “I am taking refuge in a hotel now. I went to buy a recharge card opposite the government house when I saw people running helter-skelter.

“I drove out of that area following heavy gunshots to Kpirikpiri where the road is deserted. People have parked their things inside their shops along that old Enugu road.

However, the State Police Public Relations Officer(PPRO) SP Chris Anyanwu, in a message said no cause for alarm.

The message reads” Rumours of Killing/Burning within the metropolis renting the air. There is no cause for alarm. Ebonyi state is calm. However, if anything to the contrary is confirmed, I will come up with updates and briefs,” He said.

In a video seen by JOURNALIST101, the gunmen were heard saying “No Nnamdi Kanu, no Christmas! no Biafra, no peace!” while disrupting commercial activities at Ahia ofuru in Abakaliki.

Meanwhile, banks, filling stations and other businesses including markets and mechanic village are all shut down at the time of filing this report.

 

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