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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BOAT MISHAP CLAIMS 12 LIVES IN NIGER.(PHOTO).

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BOAT MISHAP CLAIMS 12 LIVES IN NIGER


Boat mishap from two seperate accidents in two Local Government Areas of Niger state has claimed twelve lives.

Acting Director General Niger State Emergency Management Agency NSEMA Alhaji Salihu Garba announced this in an interview with Newsmen in Minna the state capital.

Alh Salihu Garba explained that the incident which occured recently in two Local Government Areas of Borgu and Shiroro also left some other people injured.

Accoding to him ten people have died from the two incidences of boat mishap at Wulakani community in Borgu Local Government Area of Niger state while another two lost their lives from the boat mishap at Gusoro, Shiroro Local Government Area.

He attributed causes of the accidents to strong wind, under water storm, overloading and lack of adherence to safety rules as well as non application of life jackets by some drivers.

Alh Salihu Garba further explained that the Niger State Emergency Management Agency NSEMA is not resting on its oars in educating and enlightening those engaged on water transport on safety measures to overcome problems associated with boat mishap and other challenges for maximum benefits.

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