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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P&ID SCAM: COURT GRANTS EX-LAGOS AG 'SHASORE’S APPLICATION TO TRAVEL ABROAD,ADJOURNS TILL FEB.21. (PHOTOS).#PRESS RELEASE.

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P&ID Scam: Court Grants Ex-Lagos Attorney-General, Shasore’s Application to Travel Abroad, Adjourns Till Feb.21

Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Monday, January 16, 2022, granted an application filed by a former Attorney-General and Commissioner for Justice, Lagos State, Oladipo Shasore, SAN, seeking to travel abroad for medical treatment.

Justice Aneke granted the permission, following a motion filed and argued by Shasore’s team of counsel led by Paul Usoro, SAN, a former President, Nigerian Bar Association, NBA, and Olawale Akoni, SAN.

According to the defence team, Shasore was diagnosed with lattice retinal degeneration to both the left and right eyes as well as chronic rhegmatogenous retinal detachment to the right eye.

The diagnosis reports, issued by Prof. Tom H. Williamson, a Consultant Ophthalmologist at The London Claremont Clinic of St. Thomas Hospital London, were attached as Exhibit SS3.

In response, the prosecution counsel, Bala Sanga, did not oppose the application, saying that “Only the living can stand trial.”

Consequently, Justice Aneke held that “The application praying this court’s discretion to travel for medical treatment in London, The United Kingdom, dated 30th of December, 2022,without opposition, is hereby granted as prayed.

“The defendant is permitted to travel on the 18th of January and return on the 5th of February.”

The case was adjourned till February 21, 2023 for commencement of trial.

More photos below. 


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