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...

POLICE ARREST MAN FOR SNATCHING WOMAN'S PHONE IN JIGAWA. (PHOTO).


Police arrest man for snatching woman’s phone in Jigawa

A 30-year-old housewife Halima Ya’u narrowly escaped death after a phone snatcher attacked her in Kadoma village, Jahun Local Government Area of Jigawa State.
A resident told DAILY POST that the phone snatcher took advantage of her husband’s absence and sneaked into the house.
He said the attacker asked the woman to hand over her phone which she refused. He attacked her with a knife, inflicting cuts on her body and made away with the phone.
Police spokesman, DSP Lawan Shiisu Adam confirmed the incident.
According to him, “on 22/09/2023 at about 0400hrs, a distress call was received from Kadoma village Jahun LGA that an unknown person trespassed into the house of one Halima Yau attacked her with a knife which as a result she sustained injuries on her face and back and took away with her phone.”
He said on receiving the report, a team of policemen was mobilized to the scene where the suspect was arrested and the exhibit was recovered.
He said the suspect confessed to the commission of the offense and will be taken to court for prosecution after an investigation.

 

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