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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PORTABLE CELEBRATES RELEASE FROM PRISON, SHARES FOOD ITEMS TO FANS. (PHOTOS).

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Portable Celebrates Release from Prison, Shares Food Items to Fans. 

Controversial singer, Habeeb Okikiola, popularly known as Portable, recently took to the streets to distribute food items to some residents of Lagos State.

The Zazoo crooner shared videos of philanthropic gestures via his Instagram page.

In the videos, the singer was seen distributing food items such as rice, bread, and drinks amongst others to some of his fans.

He also shared footwear and other non-edibles with the less-privileged.

His generous act is coming barely 48 hours after he was freed from detention.

Recall that Portable was arrested by police operatives on Friday after failing to honour invitations extended to him and was arraigned in court on Monday on a three-count charge bothering on assault and theft of musical equipment.

However, he was granted bail in the sum of N800,000 for the three charges with two sureties in like sum, by an Ogun State Magistrate’s Court sitting in Ifo.

The Magistrate ordered that the singer be remanded at the correctional centre in Ilaro pending the perfection of the bail conditions. He was later freed after perfecting his bail conditions.

After his release, Portable had promised to turn a new leaf.

The case was adjourned to the 26th of April for the commencement of trial.

More photos below. 




 

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