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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LAGOS DRAIN DUCKS WORKER TRAPPED IN UNDERGROUND DRAINAGE.(PHOTO).

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 Lagos Drain Ducks worker trapped in underground drainage


A Lagos State Drain Ducks worker has reportedly been trapped in an underground drainage in Onipanu area of the state with effort being made to rescue him.

Director-General, Lagos State Emergency Management Agency (LASEMA), Dr. Femi Oke-Osanyintolu, said following an SOS message on distress situation of a drainage worker, the agency activated the State’s Emergency Response Plans from its Onipanu base.

“Upon arrival of the emergency responders at the incident scene, investigations revealed that an adult male de-silting drainages along that axis in attempts to clear a blocked portion, accessed the underground tunnel and got trapped.

“Further investigation at the incident scene revealed that the man was a Drain Ducks worker employed by LAMATA, while trying to dislodge and evacuate debris from the underground drainage and unfortunately got trapped in between the tunnel,” he said.

Oke-Osanyintolu said in conducting the Search and Rescue Operation, LASEMA Response Team and all emergency responders were working together assiduously to rescue the trapped victim from inside the underground drainage which commenced at 4:25pm

“In order to hasten positive results, sophisticated equipment has been deployed in penetration of the man-hole to save the worker’s life, while strategic efforts has also been employed to block off, and divert inflow of water from the Ilupeju axis so as to reduce the volume of underground fluids,” he said.

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