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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BENUE: ATTACKS AGAINST ME AIMED AT DIVERTING ATTENTION FROM GOV. ALIA'S EARLY MISSTEPS - ORTOM.(PHOTO).

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BENUE: ATTACKS AGAINST ME AIMED AT DIVERTING ATTENTION FROM GOV. ALIA'S EARLY MISSTEPS - ORTOM


25th June, 2023 

Former Benue State governor, Samuel Ortom has accused his successor, Hyacinth Alia, of launching a media attack against him.

In a statement issued on Sunday by his media aide, Terver Akase, the former governor alleged that Alia has, since his assumption of office, subjected him to “all forms of persecution”.

According to Ortom, If the governor is not accusing him of “looting the state’s treasury and assets, he is blaming him for providing employment to Benue youths”.

This comes amid allegations that the former governor embezzled public funds while in office.

Ortom had last week honoured an invitation by the Economic and Financial Crimes Commission, EFCC, following his alleged involvement in looting the state treasury.

He was reacting specifically to the move by Alia to inaugurate an Assets Recovery Committee where the former governor was accused of looting government assets.

The statement reads partly, “Since May 29, 2023, Governor Alia and his team have been intent on tarnishing Ortom’s hard-earned reputation by putting him on trial in the media.

“Our advice to Governor Alia remains the same: focus on governance and deliver on the numerous promises he made to the people during the campaigns.

“Blaming Chief Ortom for the government’s lack of progress in addressing development issues does not lend credibility to the current administration”.

By Ochogwu Sunday



 

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