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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LASTMA NABS A MAN AFTER COLLECTING N140,000 FROM OWNERS OF IMPOUNDED VEHICLES AT OSHODI, LAGOS. (PHOTOS). #PRESS RELEASE

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 PRESS RELEASE


LASTMA NABS A MAN AFTER COLLECTING N140,000 FROM OWNERS OF IMPOUNDED VEHICLES AT OSHODI, LAGOS. 



.......arrested suspect confessed to be making average of N250,000 per week. 


Operatives of the Lagos State Traffic Management Authority (LASTMA) yesterday apprehended a serial impersonator after collecting N140,000 from  owners of vehicles impounded for traffic infractions by the Agency.


The Director, Public Affairs and Enlightenment Department of LASTMA Mr. Adebayo Taofiq confirmed that the suspect was apprehended by the monitoring and surveillance team of the Agency at Oshodi. 


The suspect was apprehended after the Agency received complaints of extortions from owners of inter-state commercial buses impounded and ticketed for traffic infractions around Moshalasi by Alaka area of Surulere. 


Investigations conducted revealed that the arrested suspects (Femi Adegbemi) has been collecting huge amount of money from innocent owners of vehicles impounded by Lastma Officials during enforcement operations. 


"The arrested suspect collected N140,000 from owners/drivers by promising to help them get their impounded vehicles released from the custody of Agency"


“It is disheartening getting complaints from road users particularly owners of impounded vehicles on activities of these unscrupulous elements impersonating and extorting money from different owners of impounded vehicles thereby tarnishing the good image of the Agency before the public"


The General Manager of LASTMA Mr. Bakare-Oki Olalekan warned the general public to be wary of these unscrupulous elements stating that the Agency operates a cashless policy as any violators apprehended are charged to Court via a ‘Referral Notice’ issued to them. 


He confirmed that more surveillance/monitoring personnel have been strategically deployed to hunt for these unscrupulous elements duping innocent motoring public across the State.....

More photos below. 



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