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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2027: ATIKU DECLARES READINESS TO LEAD COALITION AGAINST TINUBU, APC.(PHOTO).

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2027: Atiku declares readiness to lead coalition against Tinubu, APC


The Peoples Democratic Party presidential candidate in the 2023 election, Atiku Abubakar, has declared readiness to lead a coalition of opposition parties to remove the ruling All Progressives Congress, APC, come 2027.


Atiku disclosed this in a congratulatory message to governors of the PDP, whose elections were upheld by the Supreme Court on Friday.


In a statement signed by his Media Office in Abuja, Atiku described the decision of the court as good news for the people of Bauchi, Plateau, Cross River and Zamfara states, and indeed, a win for constitutional democracy.


He reaffirmed his position that only a united opposition force can strengthen democracy in Nigeria.


Atiku was quoted as saying, “I am as prepared as ever, to lead the charge, alongside all our leaders and Governors, for the good of our country.”


According to him, “Where Justice is seen to have been substantially rendered, we, as patriots and citizens, will always applaud.”


Atiku equally said by the judgment of the Supreme Court, “there is a guaranteed continuation of the standards of good governance which the PDP has brought to the respective states.”


He called on the respective PDP governors, namely: Bala Mohammed of Bauchi, Dauda Lawal of Zamfara, Barr. Caleb Muftwang of Plateau and Pastor Umo Eno of Akwa Ibom to see their wins at the Supreme Court as an opportunity to consolidate and expand the scope of the good governance they have already established.

 

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