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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EFCC ARRESTS SIX SUSPECTED INTERNET FRAUDSTERS IN ABUJA. (PHOTOS).#PRESS RELEASE.

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EFCC Arrests Six Suspected Internet Fraudsters in Abuja

Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested six suspected internet fraudsters in Abuja.

They were arrested on Tuesday, April 18, 2023   in an early morning sting operation at Jahi and Dawaki axes of the Federal Capital Territory, FCT, based on credible intelligence on their alleged criminal activities.

The suspects are:  Emmanuel Ndubuisi, Solomon Tochukwu, Okotie Kingsley, Benedict Akor, Samuel Anosike and Samson Iffy.

Items recovered from them include; one Mercedes Benz car; two Lexus RX350 and Toyota Camry.

 Others are, laptops, mobile phones, one international passport and an expensive wrist watch.

They will be charged to court as soon as the investigation is concluded.
More photos below. 




 

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