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...

LET POSTERITY REMEMBER YOU FOR WHAT IS GOOD, GOV FUBARA CHARGES RE-SWORN-IN COMMISSIONERS.(PHOTOS).#PRESS RELEASE


LET POSTERITY REMEMBER YOU FOR WHAT IS GOOD, GOV FUBARA CHARGES RE-SWORN-IN COMMISSIONERS


Governor of Rivers State, Sir Siminalayi Fubara has said that it was imperative for the newly sworn-in commissioners to engage in activities for which they will be positively remembered by posterity.

Sir Fubara gave the advise shortly after swearing in nine (9) commissioners into the State Executive Council at Government House in Port Harcourt on Friday.

The newly sworn-in were former commissioners who, citing several reasons, had resigned their appointments during the political crisis that engulfed the State. They were however returning on their own to be reabsorbed into the administration.

Observing that they have already read the charge as contained in their oath of office, Governor Fubara enjoined them to uphold and defend the state's constitution. 

"I wish you well in your coming back. Stand for justice, and stand for the interests of our dear state. That is the purpose of your appointment and that is the truth. 

"I can see how heavy your hearts are. But I assure you that I don't have anything against anyone of you. You were caught in between during the crossfire."

Governor Fubara spoke further: "I will advise that you give your best. Like I said the first time, let this State and posterity remember you for what is good."

Signed

Boniface Onyedi
SSA, Media to the Governor of Rivers State

Friday, January 26, 2024.
More photos below

 










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