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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KANO: BAYERO,OTHER DEPOSED EMIRSHIP ANGRY BECAUSE THEY LOST PRIVILEGES - SANUSI.(PHOTO).

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 Kano: Bayero, other deposed Emirs angry because they lost privileges — Sanusi


The 16th Emir of Kano, Alhaji Muhammadu Sanusi II, has said he understands why Alhaji Aminu Ado Bayero and other deposed emirs are unhappy.

In an interview with Saturday Sun, Sanusi claimed they feel hurt because they can no longer enjoy the privileges they enjoyed as emirs.

Sanusi and Bayero are laying claim to the throne of the Kano Emirate.

Sanusi said, “What we are dealing with is a situation where somebody divided us. And actually, when you create these things, some people get some privileges. They didn’t ask for it, but they’ve enjoyed it for four years.

“Now when they lose it, it’s a problem. But the problem is not what has happened today. It is what happened four years ago. If it had not been done, we would not be in this situation today. We are one family, we are one people. Somebody comes, divides us up.

“Even in this family, he takes one emirate, gives it to a part of the family. Now, when people enjoy it for four years and you take it away from them, it becomes a problem.”

On Friday, a Federal High Court in Kano awarded N10 million compensation to Bayero over the order for his arrest and eviction from the palace.

Governor Abba Kabir Yusuf had dethroned Ado Bayero last month and ordered him to hand over power within 48 hours.

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