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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INEC ASKS IGP TO INVESTIGATE,PROSECUTE ADAMAWA REC.(PHOTO).

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 INEC Asks IGP To Investigate, Prosecute Adamawa REC

April 18, 2023

The Independent National Electoral Commission (INEC) has asked the Inspector General of Police to investigate and possibly prosecute the Resident Electoral Commissioner in Adamawa state, Hudu Yunusa Ari over his action in the supplementary elections in Adamawa state.

The Commission also resolved to ask the Secretary to the Government of the Federation, to inform the President who is the appointing authority about the action of the REC.

These formed part of the decision of an emergency meeting id the Commission held on Tuesday at the Commission headquarters in Abuja.

A statement on the Commission’s Twitter handle reads “At its meeting today, 18th April 2023, the Commission discussed matters arising from the Adamawa Governorship election and decided to Write to the Inspector-General of Police for the immediate investigation and possible prosecution of the Resident Electoral Commissioner (REC) for Adamawa State, Barr. Hudu Yunusa Ari.

“Request the Secretary to the Government of the Federation to draw the attention of the appointing authority to the unwholesome behaviour of the REC for further action.


 

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