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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COURT GRANTS INEC’S REQUEST TO RECONFIGURE BVAS MACHINES.(PHOTO).

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 Court Grants INEC’s Request To Reconfigure BVAS Machines


8, 2023

The Court of Appeal has granted INEC permission to reconfigure BVAS.


The Court of Appeal granted INEC’s request because the electoral body said all data in BVAS machines would be transferred to a back end server before they are reconfigured and will not be tampered with.


The Applicants have also been granted permission to inspect BVAS.


The court also ordered INEC to allow the Applicants to inspect and carry out digital forensic examination of all the electoral materials used in the conduct of the elections, as well as to avail them the Certified True Copy, of result of the physical inspection of the BVAS.


The INEC deposed in their affidavit that the accreditation data will not be tampered with.

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