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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RETURN OFFICIAL VEHICLES IN YOUR CUSTODY- GOV. UZODINMA ORDERS FORMER APPOINTEES. (PHOTO).

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 Return official vehicles in your custody – Uzodinma orders former appointees


Governor Hope Uzodimma of Imo State has directed former political appointees to immediately return all official vehicles that are in their possession.


The governor directed the Managing Director of Imo State Oil Producing Areas Development Commission (ISOPADEC), Hon Chief Charles Orie, to take custody and carry out the proper inventory of all official vehicles assigned to the former political appointees.


The directive was made known in a statement signed by Oguwike Nwachuku, Chief Press Secretary and Media Adviser to the Governor, and obtained by DAILY POST on Thursday in Owerri, Imo State capital.


“This directive affects all former Principal Officers to the Governor, all former Commissioners, all Special Advisers, all General Managers of Agencies of Government, among others.


“Orie was further urged to ensure that no former political appointee, no matter how highly placed, refuses to surrender his or her official vehicles.


“On January 16, 2024, when Governor Uzodimma dissolved his expanded Executive Council, he had directed that the Commissioners should hand over their official vehicles to the Permanent Secretaries in their ministries while the Special Advisers should submit their official vehicles at the Office of the Chief of Staff.


“While some former political appointees complied with the directives, others are yet to do so, raising concerns they may have ulterior motives.


“Poised to ensure that government directives are respected by all and sundry, Governor Uzodimma has mandated Orie to use all means lawful to extract compliance from the former appointees.


“Those Governor Uzodimma expects Chief Orie to take custody and inventory of the vehicles assigned to them as former appointees are his former principal officers, his former Commissioners, his former Special Advisers, former General Managers of Agencies of Government, among others.


“Compliance is said to be immediate and nonnegotiable,” the statement read.

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