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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LAGOS TASKFORCE RAIDS BLACKSPOTS IN OSHODI, ILUPEJU, MUSHIN, ARREST 31 SUSPECTED MISCREANTS. (PHOTO).#PRESS RELEASE

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 LAGOS TASKFORCE RAIDS BLACKSPOTS IN OSHODI, ILUPEJU, MUSHIN



… Arrests 31 Suspected Miscreants


The Lagos State Taskforce has carried out an early morning raid across strategic locations in the State in order to rid the metropolis of criminal elements who carry out nefarious activities at odd hours of the day.

The suspects numbering 31 were arrested at Oshodi, Ilupeju and Mushin lurking in the dark around garages and bus stops, waiting for unsuspecting Lagosians to prey on. 


The Chairman of the Agency, CSP Shola Jejeloye who led the operation disclosed that raids on black spots and criminal hideouts are an efficient policing strategy that has yielded positive results over the years.


“We carry out these raids periodically to curb incidents of traffic robbery, pickpocketing and purse snatching which usually occur late at night and early hours in the morning. We will carry out more raids and utilise other strategies to ensure that criminal elements have no comfort in the State”.


Informing that the suspected miscreants arrested will be screened before being charged to court, Jejeloye warned those engaging in crimes to desist from such acts or risk being caught by the long arm of the law.

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