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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PRESIDENT TINUBU SYMPATHIZES WITH VICTIMS OF OGUN GAS EXPLOSION. (PHOTO). #PRESS RELEASE.

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 STATE HOUSE PRESS RELEASE 


PRESIDENT TINUBU SYMPATHIZES WITH VICTIMS OF OGUN GAS EXPLOSION



President Bola Tinubu extends his deepest sympathies to the victims of the gas explosion at Ita-Oshin, Abeokuta North Local Government Area of Ogun State.


The explosion from a solitary gas truck rippled through the community, resulting in the loss of life and property.


The President also sympathizes with the Ogun State Government and residents of the state over this tragedy.


President Tinubu commends Governor Dapo Abiodun on his valiant efforts to arrest the situation and immediately restore calm to the community.


The President assures the people of Ogun State, particularly the victims of this harrowing incident, of his fervent support in this moment of grief. 


Chief Ajuri Ngelale


Special Adviser to the President


(Media & Publicity)


April 30, 2024

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