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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MAN KIDNAPPED & BURIED 3-YEAR-OLD BOY IN KATSINA AFTER RECEIVING RANSOM. (PHOTO).

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 Man Kidnapped & Buried 3-Year-Old Boy In Katsina After Receiving Ransom

Akelicious — April 18, 2023

    


Katsina State Police Command has arrested a man identified as Abubakar Abdul’ziz, for allegedly kidnapping and killing a three-year-old child.


A statement released by the spokesperson of the command, CSP Gambo Isah, stated that Abdul’aziz, a resident of Sabuwar Santa, Musawa LGA, Katsina State, was arrested by the command on April 12.


“The fact of the case is that on the 23/3/2023, at about 0100hrs, the suspect criminally trespassed into the residence of one Adamu Alhassan, m, of Bacirawa village, Musawa Local Government Area, Katsina State, while he was deep asleep, and kidnapped his three (3)-year-old son to an unknown destination.


He dropped a letter, directing the said Adamu Alhassan to pay a ransom of eight hundred thousand naira (N800,000) and providing a contact phone number. However, the father made contact, negotiated, and paid the sum of one hundred and fifty thousand naira (N150,000) to secure the release of his child, but to no avail.”


Isah added that upon receipt of the report, state detectives swung into action and succeeded in arresting the suspect. He noted that during the course of the investigation, the suspect confessed to committing the crime and further confessed to have buried the child alive after receiving the ransom money. CSP Isah also said that investigation is ongoing.

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