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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NIGERIAN LADY BASED IN CANADA DECLARED WANTED BY THE EDO STATE POLICE COMMAND. (PHOTO).

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WANTED; The Edo Police Command has  placed a Sum N5 million Naria reward for information that would lead to the arrest of Rachael Iyonmana, a Canada-based Nigerian lady, over accusations of cyberbullying/stalking, defamation and impersonation.

“On January 11, the Commissioner of Police received a petition from the chairman, Nigerian Union of Journalists, Edo State Council, Comrade Festus Alenkhe, reporting  the alleged offence of cyberbullying/stalking and defamation of character, against one Rachael Eboni Osazee Iyonmana,” he said

The police spokesman said the command had written a letter to the Assistant Inspector General of Police, Force CID Annex, Alagbon Close, Ikoyi, Lagos, but while the police were on her trail to effect the arrest, intelligence revealed that the suspect was in Canada.

Mr Nwabuzor said the suspect opened multiple Facebook accounts, using the petitioner’s photographs and full name on Facebook, and used demeaning, derogatory language to defame the petitioner’s personality.

“From investigation, Rachael is based in Canada. Therefore, anybody with information about her presence in Nigeria should inform the police. The information would be entertained by the office of the Commissioner of Police, PPRO and Anti-kidnapping and cybercrime unit, and the informant would be rewarded with N5 million,” said the PPRO.

He also said that the Nigerian Police had also synergised with the Nigeria Immigration Service to arrest the suspect at any time in Nigeria.


 

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