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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HEATED ARGUMENT IN SENATE OVER SITTING ARRANGEMENT. (PHOTO).

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 Heated Argument In Senate Over Sitting Arrangement


The Senate has resumed plenary after six weeks of recess in the newly renovated hallowed chamber opened over two years after the reconstruction began.


Shortly after the regular announcements by the President of the Senate, Godswill Akpabio, a heated argument ensued between some ranking members over sitting arrangement.


Three Senators engaged in heated argument. Senator Danjuma Goje, who is a four-time ranking Senator representing Gombe Central; and Sahabi Yau, Senator representing Zamfara North; expressed displeasure over the back seats assigned to them, and complained to the Majority Leader, Senator Opeyemi Bamidele.


According to the standing rules of the upper legislative chamber, senators sit according to ranking but the arrangement the aggrieved senators met fell short of their expectations.


After the argument, Kawu Sumaila, Senator representing Kano South, called for a “point of order” but was ignored.


The President of the Senate doused tension after a slightly prolonged verbal engagement with Bamidele, Yau and Goje at the centre.


He called on the aggrieved Senators to approach the Chair to diffuse the anger, after which he read his welcome address.


Minutes after, plenary was dissolved into an executive session.

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