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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EFCC ARRESTS TGREE FOR SUSPECTED NAIRA MUTILATION IN BENIN. (PHOTOS). #PRESS RELEASE.

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 EFCC Arrests Three for Suspected Naira Mutilation in Benin

 

Operatives of the  Benin Zonal Command  of the Economic and Financial Crimes Commission,EFCC, have arrested three persons for suspected naira mutilation and abuse.


The suspects were arrested following credible intelligence on their suspected involvement in Naira abuse. 

 

The suspects are: Stanley Ogbolu, 35,  Odiaka Sorwu 42, and Kelvin Anyakwu, 42

 

They were arrested in Asaba, Delta State at  a burial ceremony allegedly spraying naira notes on a celebrant.


The suspects will be charged to court as soon as investigations  are concluded.

 More photos below. 




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