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...

RUSSIAN GENERAL REPORTED KILLED IN UKRAINE ATTACK. (PHOTO).


Russian general reported killed in Ukraine attack

13th Jul 2023 

A senior Russian general has been killed in a missile strike in Ukraine, Russian sources have said.

Lt Gen Oleg Tsokov is said to have died in a strike on a hotel housing Russian military commanders in Berdyansk, on Ukraine's occupied southern coast.

Russia's defence ministry has not officially confirmed his death. But it was widely announced by Russian war channels on the Telegram messaging app.

TV host Olga Skabeyeva said "absolutely all media" were reporting it.

Lt Gen Tsokov was deputy commander of Russia's southern military district. Ms Skabeyeva who presents a talk show on the state-run Rossiya-1 channel said he was killed by a UK-supplied Storm Shadow missile.

Andrei Gurulyov, an MP and retired general who appeared on her popular 60 Minutes show on Tuesday, said the general had returned to Ukraine despite being badly wounded earlier in the conflict.

He was hit last September while commanding Russia's 144th Motorized Infantry Division in the Svatove area of occupied eastern Ukraine.

"Unfortunately, he died heroically. This man deserves huge respect," the retired general said.

Several Russian war accounts on Telegram also reported his death, including blogger WarGonzo and Military Informant, a channel with more than half a million followers.

In the absence of official comment from Moscow, military bloggers have previously proven an insightful source of information on the Russian side.

The BBC has not independently verified the death, which was also highlighted by Ukrainian officials.

Reports said he was caught up in a Ukrainian attack that destroyed a hotel accommodating Russian military commanders in Berdyansk, a city in the south-eastern region of Zaporizhzhia on the coast of the Azov Sea.

Images and video from various parts of Berdyansk have circulated on social media, but none show the exact site of the blast.

BBC Verify has confirmed that one photograph shows a column of smoke rising from the area where the Dune Hotel is located.

Russian local social media chatter suggested the strike occurred 0400 local time on 11 July.

Some users said the hotel had been completely levelled, affirming earlier comments from the Berdyansk city military administration, currently operating from Ukraine-controlled territory.

Although there is no confirmation that a Storm Shadow cruise missile was used, the UK government said in May that it had donated an undisclosed number of the missiles to Ukraine.

The Storm Shadow has a range of over 150 miles (240km) - triple that of the missiles Kyiv had previously been using, making it much easier to launch precision strikes.

Ukraine has claimed attacks on Russia's military commanders in Berdyansk before, however, there was initially some doubt that Lt Gen Tsokov was there.

Russia's defence ministry had given no official announcement that he had been promoted from his role as commander of the 144th Motorised Infantry Division in eastern Ukraine, to deputy commander of Russia's Southern Military District.

The military district has a far larger remit, including areas of southern Russia as well as occupied areas of Ukraine. The defence ministry has either been slow to detail changes in command or it has simply avoided announcing them altogether. (BBC)


 

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