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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HOODLUMS DISRUPT RERUN ELECTION IN ENUGU. (PHOTO).

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 Hoodlums disrupt rerun election in Enugu


Hoodlums on Wednesday disrupted the Enugu rerun election for Enugu South 1 State Constituency, the Independent National Electoral Commission (INEC) has revealed.


INEC said this in a short note on its verified X social media handle on Wednesday.


“Report from our Enugu State office indicates that hoodlums have disrupted the electoral process in the state constituency.


“Fortunately, no casualties were reported, but election materials were destroyed, and voters were obstructed from casting their votes.


“Our officials have been safely evacuated with assistance from security agencies.


“In contrast, the supplementary election in the Jalingo/Yorro/Zing Federal Constituency of Taraba State is unfolding peacefully across three local government areas,” it added.

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