SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

-
Image
 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...
Post a Comment

ECONOMIC HARDSHIP: KANO TRADERS SLASH PRICES OF ESSENTIAL GOODS. (PHOTO).

-


 ECONOMIC HARDSHIP: KANO TRADERS SLASH PRICES OF ESSENTIAL GOODS



13th February, 2024      


Traders of essential commodities in Kano State on Monday disclosed their resolve to reduce prices of their commodities.


Chairman of the marketers, Ibrahim Danyaro, disclosed the resolution of the marketers while addressing newsmen shortly after a meeting with the Chairman, Kano State Public Compliant and Anti-Corruption Commission. reports The Vanguard.


This development followed the confiscation of 10 warehouses with hoarded assorted foodstuffs in the state by the Kano State Public Complaints and Anti-corruption Commission.


The commission’s chairman, Muhyi Magaji, said owners of the warehouses were nowhere to be found during the operation but those opened were stacked full of commodities, including spaghetti, rice, pasta, sugar, and other food items.


But Danyaro said the traders were currently selling their commodities in the market at a price less than the company prices.


He said the decision by the traders followed the public outcry over the soaring prices of essential commodities and the high cost of living in the country.


The market leader also vowed to assist the commission in fishing out bad eggs among those who are arbitrarily increasing prices of commodities and hoarding.


He said, “We are here to disassociate ourselves from hoarding. We have come forward to the commission with our pieces of evidence and the commission is convinced that we are not involved in hoarding.


“The rising prices of commodities which are recorded in the market was not arbitrarily done by our members. This development is brought about by the companies. And we suggested measures to address the situation at hand.


“One of them is for the commission to hold similar meetings with the manufacturers of these commodities to find out why the inflation of prices.


“We have expressed our resolve to cooperate with the commission to bring down prices of commodities to bring succour to the people. However, this, we can only do with the stocks we have at hand now. The prices we sold our stock in the market is not up to the current company prices.”


Another market leader, Hamisu Rabi’u, assured the residents of maintaining the old prices of the stocks at hand against the skyrocketing prices being experienced at various markets across the state.


“Take for instance, spaghetti that we sold at N11,500 or N11,700 in the market is now sold for N12,800 in companies. Sugar in the company is sold for N72,000 but we sold it N70,000. Rice is sold at N65,700 now but we sold it at 57,000 to 60,000.


“We will ensure that our stock at hand won’t go beyond the company prices for the sake of our people. We agree to run at a loss than to throw our people into difficulties”.

Comments

Post a Comment

Popular posts from this blog

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

-
Image
Innoson Gives Out Brand New IVM G5 and Salary For Life To The Man Who Prophesied About His Vehicle Manufacturing In 1979.  Last Saturday, July 22nd the Chairman of Innoson Vehicle Manufacturing Company Ltd, Chief Dr Innocent Ifediaso Chukwuma OFR gave out a brand new Innoson IVM G5 to Mr Ikechukwu Osakwe popularly known as Osabros who prophesied to him in 1979 that he would be the first man in Africa to manufacture vehicles and sell to different African countries.  The prophecy was given at the period the then Innocent Chukwuma could not boast of a car, talk less of manufacturing one. According to Dr Chukwuma during the presentation of the car, he recalled on how Mr Ikechukwu Osakwe all the way from Kano blocked him at the front of his house early in the morning and told him he has a message for him.  Mr Osakwe went on to narrate a dream he had about him, how he saw in the said dream his vehicle manufacturing company known as CAP PLC. "He told me that CAP means Chukwuma ...
Read more

SHAKIRA COVERS WOMEN'S HEALTH MAGAZINE,APRIL ISSUE.

-
Image
             Gerard Pique,welcomed their first child into the world last year January.Shakira told the magazine that ''I think it takes two to keep it passionate in relationships,a lot of laughter and a lot of fun moments together,that's essential but also affinity,you know.You have to be compatible.I'm really happy where i am right now,with the person that i'm with right now.He seems to want the same things i want,and that's very important''.More pictures below.                                                                                                                    
Read more

AMBODE,SOYINKA & OTHERS AT THE OFFICIAL LAUNCH OF LAGOS AT 50 YEARS ANNIVERSARY AGAINST 2017.{PHOTOS}.

-
Image
                Lagos State Governor,Mr Akinwunmi Ambode on friday officially launched the one year long activities to mark the 50 years anniversary of the State which will climax on May 28,2017,just as he said the activities lined up would showcase to the world the unique achievements,culture,heritage and the tourism potentials of the state.Governor Ambode,who spoke at a special children programme tagged ''Vision of the Child'' to officially kick start the one year long activities for the Golden Jubilee of the State,said the celebration was put together to provide historical opportunity to propel the State into unimaginable greatness as well as put it on highest pedestal in the league of the world megacity states.The Governor,who assured that the events would be the biggest celebration in the 50 years history of the state,added that Lagosians should expect nothing short of world class events.He said ''This golden jubilee celebration will show Lag...
Read more