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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TROOPS ARREST 'BANDIT KINGPIN ', KILL OTHERS IN SOKOTO ZAMFARA. (PHOTO).

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Troops arrest ‘bandit kingpin’, kill others in Sokoto, Zamfara

29th Jul 2023 

Troops of Operation Hadarin Daji (OPHD) have arrested a “bandit kingpin” identified as Jabi Ruwa and some suspected gang members in Dambala village of Sokoto State, while a separate operation in Zamfara State left one bandit killed.

A top military source who preferred anonymity told Channels Television that the arrests in Sokoto were carried out on Friday as part of an ongoing clearance operation to rid the North-West of banditry, kidnapping, and other heinous crimes.

Acting on credible information, the troops raided bandits’ enclaves across Sokoto, Kebbi, Katsina and Zamfara states, resulting in the arrest of some suspected members of Ruwa’s gang taking refuge in Dambala village of Sokoto State.

The troops of Forward Operating Base (FOB) Gwadabawa and Troops of Raka in Sokoto, in conjunction with local guides, immediately mobilised to Dambala village, where Jabi Ruwa and four other of his members were apprehended, the source revealed.

All arrested persons are currently undergoing preliminary investigation.

In another sustained clearance operation, troops of OPHD cleared bandits’ enclaves and thoroughfare routes at Sangeko, Kabugu Lamba, Kaboro and Mairairai villages in the Maru Local Government of Zamfara State.

Channels Television gathered that during the process, troops came in contact with armed bandits at notorious bandit leader Alhaji Ilu’s hideout at Sangeko, Kabagon Lamba, Danmani, and Kaboro villages under Maru LGA.

The troops engaged the armed bandits in a gun battle which forced the bandits to flee. While one bandit was neutralised, others escaped with gunshot wounds, it was learnt.

Troops maintained aggressive patrols within the villages to eliminate other bandits and deny them freedom of action within the area.

The Commander, Joint Task Force North-West, Operation Hadarin Daji, Major General Godwin Mutkut, who also doubles as the General Officer Commanding 8 Division, commended the troops and charged them to maintain the momentum. 

 

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