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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ACTDA BEGINS CONSTRUCTION OF INTERNAL ROADS IN BUILDING MATERIAL MARKET, UMUOKPU AWKA. (PHOTOS).

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ACTDA Begins Construction Of Internal Roads In Building Material Market, Umuokpu Awka



Awka Capital Territory Development Authority (ACTDA) has commenced the construction of internal roads within Umuokpu Awka Building Materials Market. 

According to the Managing Director and Chief Executive Officer of the Agency, Mr Ossy Onuko, the idea of regenerating the Umuokpu Market is to create an enabling environment for traders in that line of business, and in line with Governor Chukwuma Soludo's directive that all building material traders should relocate to the market designated for such trade. 

According to Mr. Onuko, Ndi Anambra can't have a Capital City that they dream and yearn for, with the current disorganization in the city. 

He pointed out that to sanitise the system, indiscriminate siting of building material shops across the town must stop, and that when they make the Umuokpu Building Materials market conducive, government will therefore move all the building material traders in the city to the market. 

The ACTDA Managing Director appealed to the Building Materials market traders to ensure they take ownership of every government infrastructure or facility in the market as it costs the government huge sums of money to build or provide them.
More photos below. 





 

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