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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SENATE CONFIRMS 3 ADDITIONAL MINISTERIAL NOMINEES. (PHOTO).

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Senate Confirms 3 Additional Ministerial Nominees

The Senate has confirmed three more ministerial nominees from President Bola Tinubu.

The trio who passed the Red Chamber on Wednesday are:Jamila Ibrahim (Kwara State); Balarabe Lawal (Kaduna State); and Ayodele Olawande (Ondo State).

Two-and-a-half hours after the exercise commenced, Senate President, Godswill Akpabio put the nominations to a voice vote.

The senators voted in favour of the nominees’ confirmation.

Earlier, in a dramatic turn of events, the Kaduna state nominee, Balarabe Lawal, collapsed after concluding his introduction, causing several people present to rush to his aid.

Lawal and the other nominees were eventually confirmed by the Senate, but not before a couple of hours was spent resuscitating the nominee.

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