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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INTERNAL SECURITY: POLICE ARREST SUSPECTED KIDNAPPERS, NEUTRALIZE BANDITS, RECOVER ARMS.(PHOTOS). #PRESS RELEASE

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 INTERNAL SECURITY: POLICE ARREST SUSPECTED KIDNAPPERS, NEUTRALIZE BANDITS, RECOVER ARMS.



In continuation of the fight against armed bandits, criminals, and insecurity in Nigeria, on the 13th of February 2024, at about 2030hrs, operatives of the Sokoto State Police Command, acting on gathered intelligence, intercepted and arrested a group of Five (5) persons suspected to be members of a kidnapping syndicate along the Bodinga-Tambunwal Highway.


The suspects were found in possession of three (3) AK-47, 90 rounds of live ammunition, and 3 AK-47 magazines. 


The suspects are Abdullahi Ali, Aliyu Mohammed, Abdullahi Umar, Aliyu Abdullahi and Mohammed Anas all confessed to the crime and revealed they were on their way to Tambuwal for a kidnapping operation before being thwarted by the men of the Nigeria Police Force.


Similarly, on the 14th of February 2024, at about 5.50pm, some suspected bandits were spotted close to Gigane Village, Sokoto State, and were immediately pursued by operatives of the State Tactical Team. Upon contact, the bandits engaged the operatives in a fierce gun duel, and some of them were neutralized, while one GPMG rifle with six (6) live ammunition was recovered at the scene. 


Efforts are intensified to locate other fleeing members of the gang and criminally minded elements in the state and cause them to face the wrath of the law.


ACP OLUMUYIWA ADEJOBI 

FORCE PUBLIC RELATIONS OFFICER 

FORCE HEADQUARTERS ABUJA 

15TH FEBRUARY, 2024.

More photos below. 




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